Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Aberdeen Group plc

Aberdeen Group plc lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 112.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,109,994 shares of the company’s stock after purchasing an additional 588,515 shares during the quarter. Aberdeen Group plc’s holdings in Palantir Technologies were worth $92,279,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings 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 valued at $4,191,000 after purchasing an additional 6,479 shares in the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in shares of Palantir Technologies during the 1st quarter worth about $45,000. Menard Financial Group LLC boosted its stake in shares of Palantir Technologies by 8.2% during the 1st quarter. Menard Financial Group LLC now owns 25,938 shares of the company’s stock worth $2,189,000 after purchasing an additional 1,964 shares during the last quarter. TCW Group Inc. boosted its stake 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 worth $2,703,000 after purchasing an additional 4,068 shares during the last quarter. Finally, Sagespring Wealth Partners LLC boosted its stake in shares of Palantir Technologies by 36.3% during the 1st 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 during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $181.02 on Friday. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The company’s 50 day moving average price is $150.04 and its 200 day moving average price is $118.54. The firm has a market capitalization of $427.19 billion, a price-to-earnings ratio of 603.42, a PEG ratio of 10.39 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the firm posted $0.09 earnings per share. Palantir Technologies’s revenue for the quarter was up 48.0% compared to the same quarter last year. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $175.00, for a total value of $5,250,000.00. Following the completion of the sale, the insider owned 363,755 shares of the company’s stock, valued at $63,657,125. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the sale, the director directly owned 62,887 shares of the company’s stock, valued at $8,779,654.07. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,515,632 shares of company stock valued at $196,472,623 over the last three months. Company insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PLTR shares. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, UBS Group reiterated a “neutral” rating and set a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $136.61.

Palantir Technologies 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.