Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in Palantir Technologies Inc. (NYSE:PLTR) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 261,868 shares of the company’s stock after purchasing an additional 7,254 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Palantir Technologies were worth $4,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PLTR. Truvestments Capital LLC boosted its holdings in Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares during the last quarter. Pacifica Partners Inc. acquired a new position in Palantir Technologies in the 4th quarter valued at about $27,000. Resurgent Financial Advisors LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $28,000. Provence Wealth Management Group acquired a new position in Palantir Technologies in the 3rd quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in Palantir Technologies in the 3rd quarter valued at about $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on PLTR. Mizuho boosted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Wednesday, February 14th. Raymond James boosted their price target on shares of Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Wedbush reissued an “outperform” rating and issued a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Finally, Bank of America boosted their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $18.35.

Palantir Technologies Trading Down 3.1 %

Shares of NYSE:PLTR opened at $20.48 on Friday. Palantir Technologies Inc. has a 52 week low of $7.28 and a 52 week high of $27.50. The company’s 50 day moving average is $23.77 and its two-hundred day moving average is $19.85. The company has a market cap of $45.31 billion, a PE ratio of 227.53, a P/E/G ratio of 5.18 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The firm had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the sale, the director now directly owns 181,830 shares of the company’s stock, valued at approximately $4,563,933. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the completion of the transaction, the director now owns 181,830 shares in the company, valued at approximately $4,563,933. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter Thiel sold 7,044,756 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the completion of the transaction, the director now owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,456,273 shares of company stock valued at $184,343,202. Insiders own 13.96% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.