Nisa Investment Advisors LLC Increases Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Nisa Investment Advisors LLC grew its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 251,320 shares of the company’s stock after purchasing an additional 11,920 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Palantir Technologies were worth $9,349,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co increased its position in Palantir Technologies by 7.9% during the first quarter. Diversified Trust Co now owns 22,671 shares of the company’s stock worth $522,000 after buying an additional 1,669 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Palantir Technologies by 218.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 60,720 shares of the company’s stock valued at $1,397,000 after buying an additional 41,666 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Palantir Technologies by 43.9% during the first quarter. First Trust Direct Indexing L.P. now owns 21,291 shares of the company’s stock worth $490,000 after buying an additional 6,491 shares during the period. Accel Wealth Management purchased a new position in shares of Palantir Technologies during the first quarter worth about $360,000. Finally, Maryland State Retirement & Pension System increased its position in Palantir Technologies by 1.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 151,097 shares of the company’s stock valued at $3,209,000 after acquiring an additional 2,887 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PLTR. Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a research note on Tuesday, August 6th. Monness Crespi & Hardt lowered their price objective on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Citigroup upped their price objective on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Wedbush lifted their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target for the company. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.86.

Palantir Technologies Price Performance

NYSE PLTR opened at $43.72 on Thursday. The business has a 50 day moving average price of $37.58 and a 200 day moving average price of $29.27. The company has a market capitalization of $97.91 billion, a P/E ratio of 257.18 and a beta of 2.72. Palantir Technologies Inc. has a 1-year low of $14.48 and a 1-year high of $45.14.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $232,011,546.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $232,011,546.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,204,508 shares of company stock valued at $802,654,666 over the last quarter. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Profile

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.