Palantir Technologies Inc. $PLTR Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 424,818 shares of the company’s stock after acquiring an additional 80,938 shares during the period. Baird Financial Group Inc.’s holdings in Palantir Technologies were worth $57,911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Signature Resources Capital Management LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $27,000. Briaud Financial Planning Inc purchased a new stake in Palantir Technologies during the second quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the second quarter worth $27,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Citigroup increased their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. UBS Group raised their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald increased their target price on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $172.28.

Palantir Technologies Stock Up 1.0%

Shares of PLTR opened at $177.92 on Friday. The firm has a market cap of $424.06 billion, a price-to-earnings ratio of 423.63, a PEG ratio of 6.83 and a beta of 1.49. The business’s 50 day moving average is $178.91 and its two-hundred day moving average is $160.82. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Glazer sold 1,973 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $308,281.25. Following the sale, the insider owned 413,639 shares in the company, valued at approximately $64,631,093.75. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 19,004 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the transaction, the insider directly owned 642,786 shares in the company, valued at $100,435,312.50. The trade was a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,029,844 shares of company stock worth $168,161,111. 9.23% of the stock is currently owned by insiders.

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.