Daiwa Securities Group Inc. Has $6.67 Million Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Daiwa Securities Group Inc. lifted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,305 shares of the company’s stock after purchasing an additional 12,045 shares during the period. Daiwa Securities Group Inc.’s holdings in Palantir Technologies were worth $6,669,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PLTR. Summit Securities Group LLC acquired a new position in Palantir Technologies during the 2nd quarter worth $25,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Palantir Technologies during the second quarter valued at $25,000. West Paces Advisors Inc. lifted its stake in shares of Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 620 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after acquiring an additional 691 shares during the last quarter. Finally, Bogart Wealth LLC raised its holdings in Palantir Technologies by 332.8% during the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after purchasing an additional 1,065 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the completion of the transaction, the director now owns 32,843 shares of the company’s stock, valued at approximately $853,918. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,050 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $33.19, for a total transaction of $200,799.50. Following the sale, the director now directly owns 158,280 shares of the company’s stock, valued at approximately $5,253,313.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eric H. Woersching sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the transaction, the director now owns 32,843 shares of the company’s stock, valued at approximately $853,918. The disclosure for this sale can be found here. In the last quarter, insiders have sold 724,699 shares of company stock valued at $22,329,596. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Up 0.3 %

Palantir Technologies stock opened at $34.85 on Thursday. The company has a 50 day moving average of $29.34 and a 200-day moving average of $25.34. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $35.20. The stock has a market capitalization of $77.61 billion, a PE ratio of 290.42, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last announced 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). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same period in the previous year, the company posted $0.01 earnings per share. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. Equities analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. DA Davidson lifted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Bank of America upped their target price on shares of Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James raised their price target on Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 6th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.79.

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.