Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Axa S.A.

Axa S.A. increased its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 443.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 116,302 shares of the company’s stock after buying an additional 94,903 shares during the period. Axa S.A.’s holdings in Palantir Technologies were worth $2,946,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several research firms have commented on PLTR. Northland Securities started coverage on shares of Palantir Technologies in a research report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. Argus initiated coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $27.29.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 3,026 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $28.00, for a total value of $84,728.00. Following the transaction, the director now owns 29,817 shares of the company’s stock, valued at $834,876. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Eric H. Woersching sold 3,026 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $28.00, for a total value of $84,728.00. Following the sale, the director now directly owns 29,817 shares in the company, valued at $834,876. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 90,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the sale, the insider now owns 298,012 shares in the company, valued at $8,749,632.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,644,559 shares of company stock valued at $346,929,762. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $36.84 on Monday. Palantir Technologies Inc. has a one year low of $14.48 and a one year high of $38.19. The company has a 50 day moving average of $31.43 and a 200-day moving average of $26.33. The stock has a market cap of $82.50 billion, a price-to-earnings ratio of 307.03 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data 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). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same period in the previous year, the business earned $0.01 EPS. The firm’s revenue was up 27.2% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current 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.