Whittier Trust Co. Has $22.12 Million Stock Position in Palantir Technologies Inc. $PLTR

Whittier Trust Co. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 150.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,789 shares of the company’s stock after purchasing an additional 76,765 shares during the quarter. Whittier Trust Co.’s holdings in Palantir Technologies were worth $22,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter valued at about $25,000. Briaud Financial Planning Inc bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies in the second quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies in the second quarter valued at $28,000. Finally, Delos Wealth Advisors LLC bought a new position in Palantir Technologies in the second quarter worth $29,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 2.2%

NASDAQ:PLTR opened at $169.60 on Friday. The stock has a market capitalization of $404.23 billion, a P/E ratio of 403.82, a price-to-earnings-growth ratio of 4.27 and a beta of 1.54. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The firm has a 50 day moving average of $176.64 and a 200-day moving average of $173.14.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,400 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $181.35, for a total transaction of $616,590.00. Following the transaction, the director owned 58,687 shares of the company’s stock, valued at approximately $10,642,887.45. This represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of Palantir Technologies stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the completion of the sale, the insider directly owned 239,409 shares of the company’s stock, valued at $43,416,822.15. This trade represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,023,444 shares of company stock worth $167,394,629. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PLTR shares. Daiwa Capital Markets boosted their price target on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Zacks Research raised shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Mizuho increased their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Citigroup raised Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $210.00 to $235.00 in a report on Monday, January 12th. Finally, Morgan Stanley upped their price objective on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $184.07.

Get Our Latest Stock Report on PLTR

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

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.

Recommended Stories

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

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

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.