Vinva Investment Management Ltd Reduces Position in Palantir Technologies Inc. (NYSE:PLTR)

Vinva Investment Management Ltd reduced its stake in shares of Palantir Technologies Inc. (NYSE:PLTRFree Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,130 shares of the company’s stock after selling 2,577 shares during the period. Vinva Investment Management Ltd’s holdings in Palantir Technologies were worth $915,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PLTR. Pursue Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth about $1,741,000. Trexquant Investment LP acquired a new position in Palantir Technologies in the 3rd quarter valued at $4,446,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Palantir Technologies by 10.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock worth $20,549,000 after buying an additional 116,220 shares in the last quarter. Korea Investment CORP grew its position in shares of Palantir Technologies by 148.4% in the third quarter. Korea Investment CORP now owns 193,957 shares of the company’s stock valued at $3,103,000 after purchasing an additional 115,876 shares in the last quarter. Finally, Udine Wealth Management Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $1,612,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLTR. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a report on Monday, May 6th. Bank of America boosted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. HSBC raised their target price on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, May 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Finally, DA Davidson raised their price objective on shares of Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.65.

Check Out Our Latest Stock Report on PLTR

Palantir Technologies Trading Down 2.0 %

Shares of Palantir Technologies stock traded down $0.48 during trading on Friday, reaching $23.31. The company’s stock had a trading volume of 37,149,877 shares, compared to its average volume of 35,939,452. The firm has a market cap of $51.91 billion, a PE ratio of 194.27, a P/E/G ratio of 5.49 and a beta of 2.70. Palantir Technologies Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $27.50. The company has a 50-day moving average price of $21.97 and a two-hundred day moving average price of $20.91.

Palantir Technologies (NYSE:PLTRGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. On average, analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the transaction, the director now directly owns 70,806,432 shares of the company’s stock, valued at $1,755,291,449.28. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Peter Thiel sold 7,044,756 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the sale, the director now directly owns 70,806,432 shares in the company, valued at $1,755,291,449.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $23.68, for a total transaction of $142,080.00. Following the completion of the transaction, the director now directly owns 175,830 shares of the company’s stock, valued at approximately $4,163,654.40. The disclosure for this sale can be found here. Insiders sold 18,374,894 shares of company stock worth $413,597,314 in the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Company Profile

(Free Report)

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.

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

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