Bank Julius Baer & Co. Ltd Zurich Has $5.76 Million Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Bank Julius Baer & Co. Ltd Zurich increased its stake in Palantir Technologies Inc. (NYSE:PLTR) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 335,318 shares of the company’s stock after acquiring an additional 9,313 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Palantir Technologies were worth $5,757,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Truvestments Capital LLC lifted its stake in Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after buying an additional 700 shares during the period. Pacifica Partners Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $33,000. Provence Wealth Management Group acquired a new position in Palantir Technologies in the third quarter valued at approximately $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in Palantir Technologies in the third quarter valued at approximately $35,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 3.7 %

Shares of Palantir Technologies stock opened at $22.52 on Friday. The stock has a fifty day simple moving average of $23.45 and a 200 day simple moving average of $20.05. Palantir Technologies Inc. has a 12-month low of $7.28 and a 12-month high of $27.50. The company has a market capitalization of $49.82 billion, a P/E ratio of 250.19, a price-to-earnings-growth ratio of 5.32 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The company had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. On average, analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the sale, the director now owns 191,783 shares in the company, valued at $4,777,314.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total value of $2,640,000.00. Following the transaction, the insider now owns 181,460 shares of the company’s stock, valued at $3,992,120. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $24.91, for a total value of $124,550.00. Following the completion of the transaction, the director now directly owns 191,783 shares in the company, valued at approximately $4,777,314.53. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,456,273 shares of company stock worth $184,343,202. 13.96% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “underperform” rating and issued a $5.00 price target on shares of Palantir Technologies in a research note on Tuesday, February 6th. Mizuho boosted their price objective on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Wedbush restated an “outperform” rating and set a $35.00 price objective (up previously from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $13.00 to $22.00 in a report on Tuesday, February 6th. Finally, Monness Crespi & Hardt upgraded Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.35.

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.