Palantir Technologies Inc. $PLTR Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,520,539 shares of the company’s stock after selling 1,452,605 shares during the period. Palantir Technologies accounts for about 4.8% of Nikko Asset Management Americas Inc.’s portfolio, making the stock its 5th largest holding. Nikko Asset Management Americas Inc. owned 0.15% of Palantir Technologies worth $479,920,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies during the second quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the 1st quarter valued at $27,000. Briaud Financial Planning Inc acquired a new position in Palantir Technologies in the 2nd quarter valued at $27,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies during the 2nd quarter worth $27,000. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLTR. Weiss Ratings reissued a “hold (c+)” rating on shares of Palantir Technologies in a research report on Monday, December 8th. Daiwa Capital Markets lifted their price objective 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. Northland Securities increased their target price on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada lifted their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Trading Down 2.1%

Shares of NASDAQ:PLTR opened at $183.57 on Friday. The firm has a 50 day moving average of $179.31 and a 200-day moving average of $163.62. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The stock has a market capitalization of $437.53 billion, a PE ratio of 437.08, a PEG ratio of 7.12 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 1,973 shares of Palantir Technologies stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $308,281.25. Following the transaction, the insider owned 413,639 shares in the company, valued at approximately $64,631,093.75. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This trade represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,008,844 shares of company stock worth $164,676,161. 9.23% of the stock is owned by insiders.

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.