Virtu Financial LLC Invests $1.27 Million in Palantir Technologies Inc. (NYSE:PLTR)

Virtu Financial LLC acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 55,250 shares of the company’s stock, valued at approximately $1,271,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Palantir Technologies by 1.6% in the first quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock worth $4,529,164,000 after purchasing an additional 3,029,317 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Palantir Technologies by 15.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,571,224 shares of the company’s stock valued at $335,284,000 after acquiring an additional 1,980,495 shares during the period. Nikko Asset Management Americas Inc. raised its stake in shares of Palantir Technologies by 19.2% during the first quarter. Nikko Asset Management Americas Inc. now owns 9,829,631 shares of the company’s stock valued at $226,180,000 after acquiring an additional 1,580,548 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Palantir Technologies by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,063,645 shares of the company’s stock worth $121,283,000 after purchasing an additional 403,905 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Palantir Technologies by 31.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,877,457 shares of the company’s stock worth $135,241,000 after purchasing an additional 1,413,417 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, Director Alexander D. Moore sold 20,422 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $22.94, for a total value of $468,480.68. Following the transaction, the director now directly owns 1,587,707 shares of the company’s stock, valued at approximately $36,421,998.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.97, for a total transaction of $57,940.00. Following the transaction, the director now owns 69,039 shares in the company, valued at approximately $2,000,059.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander D. Moore sold 20,422 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $22.94, for a total transaction of $468,480.68. Following the completion of the sale, the director now owns 1,587,707 shares of the company’s stock, valued at $36,421,998.58. The disclosure for this sale can be found here. Insiders sold 11,447,179 shares of company stock valued at $242,285,913 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 5.1 %

Palantir Technologies stock traded down $1.34 during mid-day trading on Friday, hitting $24.74. The company had a trading volume of 55,908,355 shares, compared to its average volume of 54,501,734. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $29.83. The company has a market capitalization of $55.09 billion, a PE ratio of 206.18, a price-to-earnings-growth ratio of 6.21 and a beta of 2.71. The stock’s 50 day moving average price is $25.29 and its two-hundred day moving average price is $23.18.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million for the quarter, compared to analysts’ expectations of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PLTR shares. Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective for the company. in a report on Friday, June 21st. HSBC raised their price target on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th. Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday. Wedbush reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Palantir Technologies in a research report on Friday. Finally, Citigroup lifted their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.96.

About Palantir Technologies

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.