Czech National Bank Has $105.37 Million Stock Position in Palantir Technologies Inc. $PLTR

Czech National Bank increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 577,614 shares of the company’s stock after acquiring an additional 57,668 shares during the quarter. Palantir Technologies comprises approximately 0.7% of Czech National Bank’s holdings, making the stock its 20th largest holding. Czech National Bank’s holdings in Palantir Technologies were worth $105,368,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Palantir Technologies by 3.6% in the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after acquiring an additional 7,194,216 shares during the period. Truist Financial Corp boosted its holdings in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after purchasing an additional 21,809 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Palantir Technologies by 1.3% in the 2nd quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after purchasing an additional 12,300 shares during the period. Presilium Private Wealth LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $204,000. Finally, New Century Financial Group LLC bought a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $228,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PLTR shares. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. CICC Research lifted their price target on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Jefferies Financial Group restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $172.28.

Palantir Technologies Stock Down 5.6%

Shares of NASDAQ:PLTR opened at $177.29 on Thursday. The firm has a market cap of $422.56 billion, a P/E ratio of 422.13, a P/E/G ratio of 7.28 and a beta of 1.49. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The company’s 50-day moving average price is $179.37 and its two-hundred day moving average price is $164.85.

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

Insider Activity

In other news, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This trade represents a 18.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,008,844 shares of company stock worth $164,750,951. 9.23% of the stock is owned by company 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.