MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 1,205,597 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 102.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,382,639 shares of the company’s stock after acquiring an additional 1,205,597 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.10% of Palantir Technologies worth $180,207,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. lifted its position in Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares during the last quarter. Diversify Wealth Management LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $3,233,000. Kieckhefer Group LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $11,769,000. Finally, Grange Capital LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $5,829,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLTR has been the topic of a number of research analyst reports. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Loop Capital lifted their price target on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Finally, Citigroup lifted their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $83.95.

Palantir Technologies Stock Down 1.5%

Shares of PLTR opened at $117.36 on Monday. The company has a 50 day moving average of $94.23 and a two-hundred day moving average of $82.54. Palantir Technologies Inc. has a twelve month low of $20.60 and a twelve month high of $125.41. The company has a market cap of $275.25 billion, a price-to-earnings ratio of 617.72, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. Palantir Technologies’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the sale, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,978,181 shares of company stock valued at $252,115,667 in the last ninety days. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Company Profile

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.