Daiwa Securities Group Inc. Increases Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Daiwa Securities Group Inc. raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 261,868 shares of the company’s stock after buying an additional 7,254 shares during the period. Daiwa Securities Group Inc.’s holdings in Palantir Technologies were worth $4,496,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fiduciary Alliance LLC raised its stake in Palantir Technologies by 1.0% during the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after buying an additional 618 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in Palantir Technologies by 2.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock valued at $539,000 after buying an additional 675 shares during the last quarter. Founders Financial Securities LLC raised its stake in Palantir Technologies by 4.7% during the 3rd quarter. Founders Financial Securities LLC now owns 15,369 shares of the company’s stock valued at $246,000 after buying an additional 690 shares during the last quarter. Truvestments Capital LLC raised its stake in Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after buying an additional 700 shares during the last quarter. Finally, Everhart Financial Group Inc. raised its stake in Palantir Technologies by 6.1% during the 4th quarter. Everhart Financial Group Inc. now owns 12,730 shares of the company’s stock valued at $219,000 after buying an additional 734 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 3.1 %

PLTR opened at $20.48 on Friday. The firm has a 50-day simple moving average of $23.77 and a two-hundred day simple moving average of $19.85. Palantir Technologies Inc. has a 52 week low of $7.28 and a 52 week high of $27.50. The company has a market capitalization of $45.31 billion, a PE ratio of 227.53, a price-to-earnings-growth ratio of 5.18 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insider Activity

In other news, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the sale, the insider now directly owns 181,460 shares in the company, valued at approximately $3,992,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.91, for a total value of $124,550.00. Following the sale, the director now directly owns 191,783 shares of the company’s stock, valued at approximately $4,777,314.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 120,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the completion of the sale, the insider now directly owns 181,460 shares in the company, valued at $3,992,120. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,456,273 shares of company stock worth $184,343,202. 13.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. Monness Crespi & Hardt lowered shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a research note on Thursday, March 28th. Mizuho upped their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Wednesday, February 14th. Bank of America upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Raymond James upped their price objective on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.35.

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.