Banque Transatlantique SA Buys 11,986 Shares of Palantir Technologies Inc. $PLTR

Banque Transatlantique SA raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 76.6% during the second quarter, Holdings Channel reports. The fund owned 27,640 shares of the company’s stock after buying an additional 11,986 shares during the period. Banque Transatlantique SA’s holdings in Palantir Technologies were worth $3,848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PLTR. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after acquiring an additional 7,194,216 shares in the last quarter. Truist Financial Corp raised its stake in shares of Palantir Technologies by 4.2% during the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares during the period. State of Michigan Retirement System lifted its holdings in Palantir Technologies by 1.3% during the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after purchasing an additional 12,300 shares in the last quarter. Presilium Private Wealth LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth about $204,000. Finally, New Century Financial Group LLC bought a new position in Palantir Technologies in the 2nd quarter worth about $228,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Palantir Technologies in a research report on Monday. Bank of America upped their target price on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Daiwa Capital Markets increased their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, Mizuho upped their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $183.57 on Friday. The company’s fifty day moving average price is $179.31 and its 200-day moving average price is $163.34. The firm has a market capitalization of $437.53 billion, a price-to-earnings ratio of 437.08, a PEG ratio of 7.27 and a beta of 1.49. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue was up 62.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the transaction, the insider owned 251,409 shares in the company, valued at $40,818,765.24. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,008,844 shares of company stock worth $164,676,161. Company insiders own 9.23% of the company’s stock.

Palantir Technologies 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.