Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Swiss National Bank

Swiss National Bank boosted its position in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 6.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,010,900 shares of the company's stock after buying an additional 381,500 shares during the quarter. Swiss National Bank owned approximately 0.27% of Palantir Technologies worth $223,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Walter & Keenan Wealth Management LLC IN ADV increased its position in Palantir Technologies by 1.2% during the 3rd 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. Greater Midwest Financial Group LLC increased its position in Palantir Technologies by 0.3% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company's stock valued at $3,251,000 after purchasing an additional 250 shares during the period. Quantum Private Wealth LLC increased its position in Palantir Technologies by 1.1% during the 3rd quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company's stock valued at $865,000 after purchasing an additional 250 shares during the period. LCM Capital Management Inc increased its position in Palantir Technologies by 0.9% during the 3rd quarter. LCM Capital Management Inc now owns 32,455 shares of the company's stock valued at $1,207,000 after purchasing an additional 300 shares during the period. Finally, Acorn Financial Advisory Services Inc. ADV increased its position in Palantir Technologies by 0.6% during the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 48,347 shares of the company's stock valued at $1,799,000 after purchasing an additional 300 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.10, for a total transaction of $283,950,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. This represents a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander D. Moore sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the sale, the director now owns 1,510,630 shares of the company's stock, valued at $46,663,360.70. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,562,840 shares of company stock valued at $1,435,787,316. 12.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PLTR shares. Northland Capmk raised shares of Palantir Technologies to a "hold" rating in a research report on Thursday, August 22nd. Monness Crespi & Hardt reduced their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a "sell" rating on the stock in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a "sell" rating in a research report on Tuesday, August 6th. Jefferies Financial Group downgraded shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 target price on the stock. in a research report on Thursday, November 7th. Finally, Raymond James cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $31.71.

Palantir Technologies Stock Performance

Palantir Technologies stock traded down $4.52 during trading on Monday, reaching $61.25. The company had a trading volume of 137,129,166 shares, compared to its average volume of 58,734,543. The firm's 50-day simple moving average is $43.72 and its 200 day simple moving average is $32.36. Palantir Technologies Inc. has a 1-year low of $15.66 and a 1-year high of $66.00. The firm has a market capitalization of $137.17 billion, a PE ratio of 306.27 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company's quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current year.

About Palantir Technologies

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.