Universal Beteiligungs und Servicegesellschaft mbH Has $254.22 Million Holdings in Palantir Technologies Inc. $PLTR

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 3.7% in the third quarter, HoldingsChannel.com reports. The firm owned 1,393,608 shares of the company’s stock after purchasing an additional 50,331 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Palantir Technologies were worth $254,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth $28,000. Finally, Delos Wealth Advisors LLC bought a new position in shares of Palantir Technologies in the second quarter worth $29,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Piper Sandler lifted their price objective on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, HSBC raised their target price on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $175.88.

Read Our Latest Research Report on PLTR

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $168.45 on Wednesday. The firm’s fifty day moving average price is $177.23 and its two-hundred day moving average price is $172.80. The stock has a market cap of $401.50 billion, a PE ratio of 401.09, a PEG ratio of 4.30 and a beta of 1.54. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares of the company’s stock, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,023,444 shares of company stock valued at $167,394,629. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies News Roundup

Here are the key news stories impacting Palantir Technologies this week:

About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

Featured Stories

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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