Tema Etfs LLC Purchases Shares of 39,262 Palantir Technologies Inc. $PLTR

Tema Etfs LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 39,262 shares of the company’s stock, valued at approximately $7,162,000.

A number of other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the second quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the second quarter worth $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at $28,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth $29,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on PLTR shares. The Goldman Sachs Group raised their price objective on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. CICC Research raised their target price on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. HSBC boosted their price target on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley boosted their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $174.69.

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Palantir Technologies News Summary

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

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,400 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $181.35, for a total value of $616,590.00. Following the sale, the director directly owned 58,687 shares of the company’s stock, valued at $10,642,887.45. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the sale, the insider owned 47,044 shares in the company, valued at $7,409,430. The trade was a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,023,444 shares of company stock worth $167,394,629. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $177.49 on Monday. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The company has a 50-day simple moving average of $179.21 and a 200-day simple moving average of $170.81. The firm has a market capitalization of $423.04 billion, a PE ratio of 422.61, a price-to-earnings-growth ratio of 4.47 and a beta of 1.54.

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

About Palantir Technologies

(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.

Further Reading

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

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