Candriam S.C.A. Purchases 4,285 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Candriam S.C.A. grew its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,668 shares of the company’s stock after purchasing an additional 4,285 shares during the quarter. Candriam S.C.A.’s holdings in Palantir Technologies were worth $2,474,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PLTR. Vanguard Group Inc. increased its holdings in Palantir Technologies by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after buying an additional 6,466,596 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Palantir Technologies by 183.3% in the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after purchasing an additional 102,479 shares during the period. Accel Wealth Management purchased a new position in Palantir Technologies in the first quarter valued at approximately $360,000. Panagora Asset Management Inc. grew its holdings in Palantir Technologies by 185.6% during the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after purchasing an additional 49,839 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in Palantir Technologies in the first quarter worth $262,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.97, for a total value of $57,940.00. Following the completion of the sale, the director now directly owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Shyam Sankar sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at $24,352,627.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 2,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.97, for a total transaction of $57,940.00. Following the sale, the director now owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 701,649 shares of company stock valued at $21,526,716. Corporate insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup lifted their price objective on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Argus started coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 price objective for the company. DA Davidson boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Northland Securities assumed coverage on Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price target for the company. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.21.

Palantir Technologies Stock Up 14.0 %

NYSE PLTR opened at $34.59 on Tuesday. The stock’s 50-day simple moving average is $28.98 and its two-hundred day simple moving average is $25.19. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $34.70. The company has a market capitalization of $77.03 billion, a price-to-earnings ratio of 288.25, a PEG ratio of 5.35 and a beta of 2.72.

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

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.