Whittier Trust Co. Has $22.12 Million Position in Palantir Technologies Inc. $PLTR

Whittier Trust Co. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 150.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 127,789 shares of the company’s stock after acquiring an additional 76,765 shares during the period. Whittier Trust Co.’s holdings in Palantir Technologies were worth $22,116,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC boosted its position in shares of Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC increased its position in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Palantir Technologies by 39.7% during the 2nd quarter. TD Private Client Wealth LLC now owns 7,597 shares of the company’s stock worth $1,036,000 after buying an additional 2,158 shares during the period. Finally, Congress Asset Management Co. lifted its holdings in Palantir Technologies by 13.3% during the second quarter. Congress Asset Management Co. now owns 67,000 shares of the company’s stock worth $9,133,000 after acquiring an additional 7,886 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $169.60 on Friday. The company’s 50-day moving average price is $176.64 and its two-hundred day moving average price is $173.14. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The stock has a market capitalization of $404.23 billion, a PE ratio of 403.82, a price-to-earnings-growth ratio of 4.27 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its 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 return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 308,635 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider owned 592 shares of the company’s stock, valued at $97,082.08. This trade represents a 99.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,023,444 shares of company stock valued at $167,394,629 in the last ninety days. 9.23% of the stock is currently owned by insiders.

Key Headlines Impacting Palantir Technologies

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLTR. Deutsche Bank Aktiengesellschaft raised their price target on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. UBS Group raised their target price 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. Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Weiss Ratings lowered shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Finally, Piper Sandler boosted their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $184.07.

View Our Latest Report on Palantir Technologies

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.

Recommended Stories

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.