Keybank National Association OH Has $5.49 Million Position in Palantir Technologies Inc. $PLTR

Keybank National Association OH raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 15.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,101 shares of the company’s stock after purchasing an additional 4,107 shares during the period. Keybank National Association OH’s holdings in Palantir Technologies were worth $5,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Consulate Inc. acquired a new position in Palantir Technologies in the third quarter worth about $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $31,000. Flagship Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $32,000. Marquette Asset Management LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $34,000. Finally, Millstone Evans Group LLC lifted its position in shares of Palantir Technologies by 98.0% during the 3rd quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock worth $36,000 after buying an additional 98 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 3.5%

Palantir Technologies stock opened at $146.59 on Monday. The stock has a 50-day simple moving average of $176.13 and a 200 day simple moving average of $173.74. The stock has a market capitalization of $349.39 billion, a price-to-earnings ratio of 349.03, a P/E/G ratio of 3.69 and a beta of 1.64. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted 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. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $0.10 EPS. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 359,325 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,023,444 shares of company stock valued at $167,394,629 in the last three months. 12.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent analyst reports. Bank of America upped their price target on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Northland Securities boosted their price target on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $185.89.

Get Our Latest Stock Report on PLTR

Key Headlines Impacting Palantir Technologies

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.

Read More

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

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

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.