Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. Buys Shares of 14,143 Palantir Technologies Inc. $PLTR

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 14,143 shares of the company’s stock, valued at approximately $2,514,000. Palantir Technologies comprises 4.0% of Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.’s holdings, making the stock its 2nd biggest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at $450,000. Bison Wealth LLC lifted its holdings in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC lifted its holdings in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after acquiring an additional 1,694 shares during the period. Finally, Vivaldi Capital Management LP acquired a new stake in Palantir Technologies in the second quarter valued at $315,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 8.2%

Shares of PLTR stock opened at $143.34 on Friday. Palantir Technologies Inc. has a fifty-two week low of $118.93 and a fifty-two week high of $207.52. The stock has a market cap of $343.63 billion, a P/E ratio of 161.06, a P/E/G ratio of 2.10 and a beta of 1.52. The business has a fifty day simple moving average of $141.62 and a 200-day simple moving average of $156.13.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The firm’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PLTR shares. Piper Sandler reissued an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. DA Davidson reduced their target price on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. The Goldman Sachs Group reduced their target price on Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Finally, Argus upgraded Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Moderate Buy” and an average price target of $192.76.

Get Our Latest Stock Analysis on PLTR

More Palantir Technologies News

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Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $54,109,093.76. Following the completion of the sale, the insider owned 6,432,258 shares in the company, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares of the company’s stock, valued at $87,444,607.44. This trade represents a 20.48% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 922,524 shares of company stock valued at $125,501,302 in the last three months. Company insiders own 9.53% of the company’s stock.

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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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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