Palantir Technologies Inc. $PLTR Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 90,077 shares of the company’s stock after buying an additional 5,362 shares during the period. Palantir Technologies comprises 1.2% of China Universal Asset Management Co. Ltd.’s portfolio, making the stock its 18th largest holding. China Universal Asset Management Co. Ltd.’s holdings in Palantir Technologies were worth $16,011,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bare Financial Services Inc grew its position in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares in the last quarter. Financial Consulate Inc. acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $30,000. Morton Brown Family Wealth LLC grew its position in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $32,000. Finally, United Financial Planning Group LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $141.57 on Friday. Palantir Technologies Inc. has a 12-month low of $100.91 and a 12-month high of $207.52. The firm has a market capitalization of $338.59 billion, a P/E ratio of 224.72, a P/E/G ratio of 2.94 and a beta of 1.68. The business has a 50 day simple moving average of $144.50 and a 200 day simple moving average of $164.12.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 70.0% compared to the same quarter last year. Research analysts anticipate that Palantir Technologies Inc. will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. DA Davidson reiterated a “neutral” rating and issued a $180.00 target price on shares of Palantir Technologies in a research report on Thursday, April 16th. Daiwa Securities Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Tuesday, February 10th. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Palantir Technologies in a research report on Friday, April 10th. Citigroup lifted their target price on Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.35.

Get Our Latest Research Report on Palantir Technologies

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the sale, the insider owned 392,370 shares of the company’s stock, valued at $52,467,716.40. The trade was a 4.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 493,025 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total value of $65,956,884.50. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. The trade was a 7.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is owned by company insiders.

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

Read More

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.