Mason & Associates Inc Grows Stake in Palantir Technologies Inc. (NYSE:PLTR)

Mason & Associates Inc grew its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 50.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,924 shares of the company’s stock after purchasing an additional 5,005 shares during the period. Mason & Associates Inc’s holdings in Palantir Technologies were worth $555,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in shares of Palantir Technologies by 3,476.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company’s stock valued at $254,162,000 after acquiring an additional 6,641,253 shares during the period. 1832 Asset Management L.P. raised its stake in shares of Palantir Technologies by 248,208.2% during the 1st quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock valued at $83,418,000 after buying an additional 3,623,840 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Palantir Technologies by 594.3% in the 2nd quarter. Marshall Wace LLP now owns 3,550,176 shares of the company’s stock valued at $89,926,000 after buying an additional 3,038,861 shares during the period. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 1.6% in the first quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock worth $4,529,164,000 after buying an additional 3,029,317 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Palantir Technologies by 15.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,571,224 shares of the company’s stock worth $335,284,000 after buying an additional 1,980,495 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PLTR shares. Monness Crespi & Hardt decreased their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Northland Securities started coverage on shares of Palantir Technologies in a research note on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. Jefferies Financial Group raised their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 29th. DA Davidson lifted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $27.86.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $43.90, for a total transaction of $321,391.90. Following the completion of the sale, the director now owns 138,304 shares of the company’s stock, valued at approximately $6,071,545.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Lauren Elaina Friedman Stat sold 7,321 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total transaction of $321,391.90. Following the transaction, the director now owns 138,304 shares in the company, valued at approximately $6,071,545.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 11,373 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $32.25, for a total transaction of $366,779.25. Following the completion of the sale, the insider now directly owns 600,633 shares of the company’s stock, valued at $19,370,414.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,747,176 shares of company stock valued at $646,951,347. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 1.2 %

Shares of NYSE PLTR traded up $0.49 during midday trading on Thursday, hitting $43.08. The stock had a trading volume of 16,653,205 shares, compared to its average volume of 56,514,477. The stock has a 50 day simple moving average of $36.35 and a 200-day simple moving average of $28.52. The company has a market capitalization of $96.48 billion, a PE ratio of 255.84 and a beta of 2.72. Palantir Technologies Inc. has a 1 year low of $14.48 and a 1 year high of $44.39.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The firm had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same period in the prior year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

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.