Whittier Trust Co. of Nevada Inc. Grows Stock Holdings in Palantir Technologies Inc. $PLTR

Whittier Trust Co. of Nevada Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 736.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 39,147 shares of the company’s stock after acquiring an additional 34,465 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Palantir Technologies were worth $6,775,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Decker Retirement Planning Inc. increased its stake in shares of Palantir Technologies by 778.7% during the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after acquiring an additional 54,347 shares during the last quarter. Vanguard Group Inc. grew its holdings in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Truist Financial Corp increased its position in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares during the last quarter. Prentice Wealth Management LLC purchased a new position in Palantir Technologies during the third quarter worth approximately $550,000. Finally, Watershed Private Wealth LLC raised its stake in Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after purchasing an additional 3,350 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR opened at $169.60 on Monday. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The stock’s 50-day moving average is $176.64 and its two-hundred day moving average is $173.35. The stock has a market cap of $404.23 billion, a PE ratio of 403.82, a P/E/G ratio of 4.27 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company’s revenue was up 62.8% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $2,176,200.00. Following the sale, the insider owned 239,409 shares in the company, valued at $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $616,590.00. Following the completion of the transaction, the director owned 58,687 shares of the company’s stock, valued at $10,642,887.45. This trade represents a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,023,444 shares of company stock valued at $167,394,629 over the last three months. Company insiders own 12.93% of the company’s stock.

Key Palantir Technologies News

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

Wall Street Analyst Weigh In

PLTR has been the subject of several research reports. Royal Bank Of Canada boosted their price objective 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. Bank of America boosted their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Truist Financial started coverage on Palantir Technologies in a research note on Tuesday, January 6th. They set a “buy” rating and a $223.00 price target for the company. Robert W. Baird lifted their price objective on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $184.07.

Get Our Latest Research Report on PLTR

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.

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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)

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