Palantir Technologies Inc. (NYSE:PLTR) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 107.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 478,345 shares of the company’s stock after acquiring an additional 247,681 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Palantir Technologies were worth $12,164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Evolution Wealth Advisors LLC lifted its stake in Palantir Technologies by 0.5% during the second quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after purchasing an additional 360 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Palantir Technologies by 2.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock valued at $386,000 after acquiring an additional 379 shares during the last quarter. Gradient Investments LLC boosted its stake in shares of Palantir Technologies by 21.4% during the 2nd quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after acquiring an additional 406 shares in the last quarter. Apella Capital LLC grew its holdings in shares of Palantir Technologies by 3.7% in the 2nd quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock worth $323,000 after acquiring an additional 416 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Palantir Technologies by 1.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after acquiring an additional 416 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 155,539 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the transaction, the insider now owns 331,369 shares in the company, valued at $11,604,542.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Palantir Technologies news, Director Eric H. Woersching sold 3,026 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total value of $84,728.00. Following the sale, the director now owns 29,817 shares of the company’s stock, valued at approximately $834,876. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 155,539 shares of Palantir Technologies stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.02, for a total value of $5,446,975.78. Following the completion of the transaction, the insider now directly owns 331,369 shares in the company, valued at $11,604,542.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 880,238 shares of company stock worth $27,776,572. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PLTR shares. Monness Crespi & Hardt decreased their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Argus began coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They issued a “buy” rating and a $29.00 price target for the company. Wedbush reissued an “outperform” rating and set a $38.00 target price on shares of Palantir Technologies in a research note on Monday, September 9th. Finally, The Goldman Sachs Group raised their target price on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $26.79.

Palantir Technologies Trading Up 1.9 %

Palantir Technologies stock opened at $35.59 on Monday. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $36.01. The firm’s fifty day simple moving average is $29.69 and its 200-day simple moving average is $25.50. The company has a market capitalization of $79.26 billion, a P/E ratio of 296.58, a P/E/G ratio of 6.15 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, August 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 $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

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.