Toronto Dominion Bank Has $4.66 Million Position in Palantir Technologies Inc. (NYSE:PLTR)

Toronto Dominion Bank reduced its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 24.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 202,582 shares of the company’s stock after selling 67,215 shares during the quarter. Toronto Dominion Bank’s holdings in Palantir Technologies were worth $4,661,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PLTR. Pursue Wealth Partners LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $1,741,000. Vanguard Group Inc. lifted its stake in Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares during the last quarter. SG Americas Securities LLC lifted its stake in Palantir Technologies by 183.3% in the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after acquiring an additional 102,479 shares during the last quarter. Accel Wealth Management acquired a new stake in Palantir Technologies in the first quarter valued at approximately $360,000. Finally, Panagora Asset Management Inc. lifted its stake in Palantir Technologies by 185.6% in the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after acquiring an additional 49,839 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Palantir Technologies news, Director Peter Thiel sold 6,285,833 shares of Palantir Technologies stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Peter Thiel sold 6,285,833 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares in the company, valued at approximately $1,376,224,376.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 10,907 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $21.43, for a total transaction of $233,737.01. Following the completion of the sale, the insider now owns 651,099 shares in the company, valued at approximately $13,953,051.57. The disclosure for this sale can be found here. Insiders have sold 11,467,179 shares of company stock worth $242,726,313 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 2.1 %

Shares of PLTR stock opened at $27.18 on Friday. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $29.83. The firm’s fifty day simple moving average is $24.86 and its 200 day simple moving average is $22.95. The firm has a market capitalization of $60.53 billion, a P/E ratio of 226.52, a price-to-earnings-growth ratio of 6.28 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $614.88 million. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PLTR shares. Royal Bank of Canada lifted their price target 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. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Monness Crespi & Hardt lowered shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Friday, June 21st. Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the company from $21.00 to $22.00 in a research report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a research report on Tuesday, May 7th. Seven investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.32.

Palantir Technologies Profile

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.