Robeco Institutional Asset Management B.V. Acquires 176,650 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Robeco Institutional Asset Management B.V. increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,078,078 shares of the company's stock after purchasing an additional 176,650 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Palantir Technologies were worth $81,535,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth about $25,000. Prestige Wealth Management Group LLC raised its position in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares during the period. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Palantir Technologies during the second quarter worth about $30,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. UBS Group initiated coverage on Palantir Technologies in a report on Thursday, December 19th. They set a "neutral" rating and a $80.00 price objective for the company. William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Cantor Fitzgerald initiated coverage on Palantir Technologies in a report on Friday, January 17th. They set a "neutral" rating and a $72.00 price objective for the company. Argus downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, 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 report on Thursday, November 7th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $44.61.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $1.46 during mid-day trading on Thursday, hitting $81.22. 45,914,038 shares of the stock were exchanged, compared to its average volume of 68,165,070. The stock has a market capitalization of $185.02 billion, a price-to-earnings ratio of 406.12, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. The firm's 50-day simple moving average is $72.94 and its 200 day simple moving average is $50.10. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results 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 analysts' expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 8,054 shares of Palantir Technologies stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total value of $406,646.46. Following the completion of the transaction, the director now directly owns 130,250 shares of the company's stock, valued at $6,576,322.50. The trade was a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. 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.