Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC increased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 130.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,384 shares of the company’s stock after purchasing an additional 14,936 shares during the period. Mayflower Financial Advisors LLC’s holdings in Palantir Technologies were worth $668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Palantir Technologies by 248,208.2% in the first quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock valued at $83,418,000 after acquiring an additional 3,623,840 shares in the last quarter. Norges Bank acquired a new position in Palantir Technologies in the fourth quarter valued at $46,542,000. Coatue Management LLC raised its holdings in shares of Palantir Technologies by 285.6% in the fourth quarter. Coatue Management LLC now owns 3,447,363 shares of the company’s stock valued at $59,191,000 after buying an additional 2,553,432 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings 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 buying an additional 1,980,495 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other news, insider Shyam Sankar sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at $24,352,627.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the sale, the insider now owns 752,786 shares in the company, valued at $24,352,627.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexander D. Moore sold 20,422 shares of the firm’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 transaction of $468,480.68. Following the sale, the director now owns 1,587,707 shares in the company, valued at approximately $36,421,998.58. The disclosure for this sale can be found here. Insiders have sold 722,664 shares of company stock worth $22,008,889 over the last ninety days. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on PLTR shares. DA Davidson upped their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Monness Crespi & Hardt reduced their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Northland Securities started coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. Mizuho cut shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and upped their target price for the company from $21.00 to $22.00 in a report on Tuesday, July 16th. Finally, Citigroup upped their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $25.00.

Palantir Technologies Trading Down 1.4 %

Shares of Palantir Technologies stock opened at $30.17 on Friday. Palantir Technologies Inc. has a 12-month low of $13.68 and a 12-month high of $33.13. The stock has a market cap of $67.19 billion, a PE ratio of 251.42, a price-to-earnings-growth ratio of 5.55 and a beta of 2.72. The company has a 50-day moving average of $28.71 and a two-hundred day moving average of $25.04.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Palantir Technologies Profile

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.