Lombard Odier Asset Management Switzerland SA Buys 14,859 Shares of Palantir Technologies Inc. $PLTR

Lombard Odier Asset Management Switzerland SA boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,303 shares of the company’s stock after purchasing an additional 14,859 shares during the quarter. Palantir Technologies comprises 0.6% of Lombard Odier Asset Management Switzerland SA’s portfolio, making the stock its 26th largest holding. Lombard Odier Asset Management Switzerland SA’s holdings in Palantir Technologies were worth $12,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the second quarter valued at about $25,000. Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies in the second quarter worth about $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $28,000. Finally, MTM Investment Management LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at $40,818,765.24. The trade was a 12.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 308,635 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the sale, the insider owned 592 shares in the company, valued at $97,082.08. This trade represents a 99.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,029,844 shares of company stock worth $168,161,111 over the last three months. 12.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PLTR shares. UBS Group lifted their price target on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average target price of $172.28.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $181.49 on Tuesday. The firm has a market cap of $432.57 billion, a P/E ratio of 432.13, a price-to-earnings-growth ratio of 7.05 and a beta of 1.50. The firm’s 50-day simple moving average is $179.05 and its 200-day simple moving average is $162.16. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.