Mandatum Life Insurance Co Ltd Reduces Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Mandatum Life Insurance Co Ltd reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 33.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,807 shares of the company's stock after selling 20,422 shares during the period. Palantir Technologies accounts for about 0.9% of Mandatum Life Insurance Co Ltd's holdings, making the stock its 23rd biggest holding. Mandatum Life Insurance Co Ltd's holdings in Palantir Technologies were worth $3,011,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. RMR Wealth Builders increased its stake in Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company's stock valued at $545,000 after purchasing an additional 167 shares during the period. Christensen King & Associates Investment Services Inc. lifted its position in Palantir Technologies by 3.0% during the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company's stock worth $486,000 after acquiring an additional 174 shares during the period. ST Germain D J Co. Inc. grew its stake in shares of Palantir Technologies by 4.4% in the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company's stock valued at $362,000 after purchasing an additional 200 shares during the last quarter. Walter & Keenan Wealth Management LLC IN ADV increased its holdings in shares of Palantir Technologies by 1.2% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company's stock valued at $729,000 after purchasing an additional 235 shares during the period. Finally, Greater Midwest Financial Group LLC raised its stake in shares of Palantir Technologies by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company's stock worth $3,251,000 after purchasing an additional 250 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLTR. William Blair reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Baird R W upgraded Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. DA Davidson boosted their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird assumed coverage on shares of Palantir Technologies in a report on Thursday, December 12th. They issued a "neutral" rating and a $70.00 price target for the company. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $43.78.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $71.77 on Monday. The firm has a market capitalization of $163.49 billion, a PE ratio of 358.87, a P/E/G ratio of 6.24 and a beta of 2.82. The business's fifty day moving average price is $70.49 and its two-hundred day moving average price is $47.32. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company's quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. Equities research analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the sale, the insider now directly owns 331,369 shares of the company's stock, valued at approximately $14,911,605. This represents a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the business's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $289,580,255.16. This represents a 34.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,642,189 shares of company stock worth $1,444,232,453. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Company 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.

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