Palantir Technologies Inc. (NYSE:PLTR) is AtonRa Partners’ 4th Largest Position

AtonRa Partners trimmed its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,503 shares of the company’s stock after selling 6,071 shares during the quarter. Palantir Technologies makes up about 1.8% of AtonRa Partners’ portfolio, making the stock its 4th biggest holding. AtonRa Partners’ holdings in Palantir Technologies were worth $901,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLTR. Handelsbanken Fonder AB increased its holdings in shares of Palantir Technologies by 0.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 381,075 shares of the company’s stock valued at $6,097,000 after purchasing an additional 1,000 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Palantir Technologies by 25.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 30,696 shares of the company’s stock worth $491,000 after acquiring an additional 6,295 shares in the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in Palantir Technologies in the 3rd quarter worth $892,000. Compagnie Lombard Odier SCmA increased its holdings in Palantir Technologies by 23.3% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 228,600 shares of the company’s stock worth $3,658,000 after acquiring an additional 43,140 shares in the last quarter. Finally, Defender Capital LLC. increased its holdings in Palantir Technologies by 6.5% in the 3rd quarter. Defender Capital LLC. now owns 359,317 shares of the company’s stock worth $5,749,000 after acquiring an additional 21,777 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 1.3 %

PLTR stock traded up $0.30 during mid-day trading on Monday, hitting $22.82. 30,254,693 shares of the company were exchanged, compared to its average volume of 62,320,531. The firm has a market capitalization of $50.49 billion, a P/E ratio of 253.58, a PEG ratio of 5.52 and a beta of 2.78. The business has a fifty day simple moving average of $23.45 and a 200-day simple moving average of $20.08. Palantir Technologies Inc. has a 12-month low of $7.28 and a 12-month high of $27.50.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. Research analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the sale, the director now owns 191,783 shares of the company’s stock, valued at $4,777,314.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Heather A. Planishek sold 8,521 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $23.27, for a total value of $198,283.67. Following the sale, the insider now owns 703,485 shares of the company’s stock, valued at $16,370,095.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the sale, the director now directly owns 191,783 shares in the company, valued at approximately $4,777,314.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,456,273 shares of company stock valued at $184,343,202. 13.96% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PLTR. Citigroup raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Mizuho lifted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Wedbush reaffirmed an “outperform” rating and set a $35.00 target price (up previously from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Finally, Bank of America lifted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.35.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.