Brown Advisory Inc. Raises Stock Holdings in Palantir Technologies Inc. $PLTR

Brown Advisory Inc. raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 27.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,303 shares of the company’s stock after buying an additional 6,837 shares during the period. Brown Advisory Inc.’s holdings in Palantir Technologies were worth $4,267,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 3.6% during the second quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Norges Bank bought a new position in Palantir Technologies during the 2nd quarter valued at approximately $3,307,457,000. Invesco Ltd. lifted its holdings in Palantir Technologies by 16.0% in the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after buying an additional 2,838,300 shares during the period. Northern Trust Corp lifted its holdings in Palantir Technologies by 0.3% in the 1st quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after buying an additional 64,973 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $2,543,888,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley raised their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. CICC Research lifted their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. UBS Group boosted their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Mizuho raised their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $181.49 on Tuesday. The firm has a market capitalization of $432.57 billion, a P/E ratio of 432.13, a PEG ratio of 7.05 and a beta of 1.50. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The company’s 50-day simple moving average is $179.05 and its 200 day simple moving average is $162.16.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $105,410,476.14. The trade was a 18.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,029,844 shares of company stock valued at $168,161,111 in the last ninety days. Corporate 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.