Headlands Technologies LLC Purchases 46,815 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Headlands Technologies LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 146.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,773 shares of the company’s stock after acquiring an additional 46,815 shares during the period. Palantir Technologies makes up about 0.8% of Headlands Technologies LLC’s holdings, making the stock its 28th biggest position. Headlands Technologies LLC’s holdings in Palantir Technologies were worth $6,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Assenagon Asset Management S.A. raised its position in shares of Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after buying an additional 6,479 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new position in Palantir Technologies in the 1st quarter worth about $45,000. Menard Financial Group LLC raised its holdings in shares of Palantir Technologies by 8.2% in the 1st quarter. Menard Financial Group LLC now owns 25,938 shares of the company’s stock valued at $2,189,000 after acquiring an additional 1,964 shares in the last quarter. TCW Group Inc. boosted its position in shares of Palantir Technologies by 14.5% during the 1st quarter. TCW Group Inc. now owns 32,031 shares of the company’s stock valued at $2,703,000 after acquiring an additional 4,068 shares during the last quarter. Finally, Sagespring Wealth Partners LLC grew its holdings in shares of Palantir Technologies by 36.3% during the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company’s stock worth $2,030,000 after purchasing an additional 6,405 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 3.6%

Shares of NASDAQ PLTR opened at $179.54 on Thursday. The firm’s fifty day moving average is $143.23 and its 200 day moving average is $114.06. Palantir Technologies Inc. has a 52 week low of $26.24 and a 52 week high of $180.58. The company has a market cap of $423.70 billion, a price-to-earnings ratio of 598.49, a PEG ratio of 14.08 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company’s revenue was up 48.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Mizuho raised shares of Palantir Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Bank of America raised their price objective on shares of Palantir Technologies from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group reissued a “neutral” rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a research note on Tuesday. Finally, Citigroup restated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $136.61.

Get Our Latest Stock Analysis on PLTR

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the transaction, the director owned 62,887 shares of the company’s stock, valued at $8,779,654.07. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total value of $5,000,250.00. Following the completion of the sale, the insider owned 363,755 shares of the company’s stock, valued at approximately $54,563,250. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,485,632 shares of company stock valued at $191,222,623 over the last ninety days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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

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