DB&C Advisors LLC Purchases Shares of 27,255 Palantir Technologies Inc. $PLTR

DB&C Advisors LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,255 shares of the company’s stock, valued at approximately $4,845,000. Palantir Technologies accounts for about 6.1% of DB&C Advisors LLC’s portfolio, making the stock its 3rd biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Palantir Technologies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 215,444,098 shares of the company’s stock valued at $38,295,188,000 after acquiring an additional 1,557,828 shares during the period. State Street Corp raised its holdings in Palantir Technologies by 7.2% during the third quarter. State Street Corp now owns 101,258,899 shares of the company’s stock valued at $18,471,648,000 after acquiring an additional 6,777,771 shares during the period. Geode Capital Management LLC raised its holdings in Palantir Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 54,200,265 shares of the company’s stock valued at $9,599,882,000 after acquiring an additional 805,047 shares during the period. Norges Bank bought a new stake in Palantir Technologies during the fourth quarter valued at about $5,149,641,000. Finally, Invesco Ltd. raised its holdings in Palantir Technologies by 5.9% during the third quarter. Invesco Ltd. now owns 21,798,785 shares of the company’s stock valued at $3,976,534,000 after acquiring an additional 1,213,529 shares during the period. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLTR. Argus raised Palantir Technologies from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Wednesday, May 6th. Weiss Ratings cut Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, April 27th. DA Davidson decreased their price target on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Daiwa Securities Group raised Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Get Our Latest Stock Report on PLTR

Insider Activity

In other news, insider Ryan D. Taylor sold 19,662 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $2,674,818.48. Following the completion of the transaction, the insider owned 199,759 shares in the company, valued at $27,175,214.36. This trade represents a 8.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Shyam Sankar sold 165,514 shares of Palantir Technologies stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $87,444,607.44. This represents a 20.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 925,789 shares of company stock valued at $126,007,032. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 4.4%

Shares of Palantir Technologies stock opened at $135.53 on Friday. The firm has a market cap of $324.91 billion, a price-to-earnings ratio of 152.28, a PEG ratio of 2.15 and a beta of 1.53. The business has a 50-day moving average price of $140.80 and a 200-day moving average price of $154.85. Palantir Technologies Inc. has a twelve month low of $121.92 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s quarterly revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. On average, equities analysts expect that Palantir Technologies Inc. will post 1.18 EPS for the current fiscal year.

More Palantir Technologies News

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Palantir Technologies Profile

(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.

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

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