Nomura Holdings Inc. Boosts Stake in Palantir Technologies Inc. (NYSE:PLTR)

Nomura Holdings Inc. increased its position in Palantir Technologies Inc. (NYSE:PLTRFree Report) by 385.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 321,252 shares of the company’s stock after purchasing an additional 255,120 shares during the quarter. Nomura Holdings Inc.’s holdings in Palantir Technologies were worth $5,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 11.1% in the 3rd quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock worth $2,997,419,000 after buying an additional 18,756,392 shares during the last quarter. Morgan Stanley lifted its position in Palantir Technologies by 26.1% during the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after purchasing an additional 4,675,824 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its stake in shares of Palantir Technologies by 314.7% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock valued at $84,571,000 after acquiring an additional 4,011,100 shares during the period. Quadrature Capital Ltd purchased a new stake in Palantir Technologies in the 3rd quarter worth approximately $55,719,000. Finally, International Assets Investment Management LLC lifted its position in shares of Palantir Technologies by 1,784.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,895,772 shares of the company’s stock valued at $49,720,000 after acquiring an additional 2,742,071 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PLTR. Bank of America upped their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Royal Bank of Canada raised their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a research note on Monday, May 6th. Argus began coverage on Palantir Technologies in a report on Monday. They issued a “buy” rating and a $29.00 price target on the stock. Finally, DA Davidson upped their price objective on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.25.

View Our Latest Stock Analysis on PLTR

Insider Activity at Palantir Technologies

In related news, insider Heather A. Planishek sold 10,907 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total transaction of $233,737.01. Following the completion of the transaction, the insider now directly owns 651,099 shares in the company, valued at approximately $13,953,051.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $24.24, for a total transaction of $72,720.00. Following the completion of the transaction, the director now owns 35,843 shares in the company, valued at approximately $868,834.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather A. Planishek sold 10,907 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $21.43, for a total value of $233,737.01. Following the completion of the sale, the insider now owns 651,099 shares in the company, valued at $13,953,051.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,374,153 shares of company stock worth $239,976,945. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NYSE PLTR traded up $0.09 during mid-day trading on Tuesday, reaching $25.11. The company’s stock had a trading volume of 12,522,967 shares, compared to its average volume of 57,212,645. Palantir Technologies Inc. has a 1-year low of $13.56 and a 1-year high of $27.50. The stock has a market capitalization of $55.92 billion, a P/E ratio of 208.52, a P/E/G ratio of 5.44 and a beta of 2.70. The stock has a 50-day moving average of $22.09 and a two-hundred day moving average of $21.10.

Palantir Technologies (NYSE:PLTRGet Free Report) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The firm had revenue of $634.34 million for the quarter, compared to analysts’ expectations of $614.88 million. Analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

About Palantir Technologies

(Free Report)

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.

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

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