16,957 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) during the 3rd quarter, Holdings Channel.com reports. The firm bought 16,957 shares of the company’s stock, valued at approximately $631,000.

Other institutional investors have also recently made changes to their positions in the company. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in shares of Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock valued at $729,000 after purchasing an additional 235 shares during the period. Greater Midwest Financial Group LLC grew its stake in Palantir Technologies by 0.3% during the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after purchasing an additional 250 shares during the period. Quantum Private Wealth LLC increased its holdings in Palantir Technologies by 1.1% in the third quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock worth $865,000 after purchasing an additional 250 shares in the last quarter. Truvestments Capital LLC lifted its stake in Palantir Technologies by 2.4% in the third quarter. Truvestments Capital LLC now owns 12,169 shares of the company’s stock valued at $453,000 after buying an additional 291 shares during the period. Finally, LCM Capital Management Inc boosted its holdings in shares of Palantir Technologies by 0.9% during the 3rd quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock worth $1,207,000 after buying an additional 300 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $76.07 on Friday. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $80.91. The firm’s 50-day simple moving average is $55.75 and its 200 day simple moving average is $38.51. The stock has a market cap of $173.29 billion, a PE ratio of 380.35, a price-to-earnings-growth ratio of 9.70 and a beta of 2.87.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. As a group, analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Activity

In other news, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $39.95, for a total transaction of $799,000.00. Following the completion of the transaction, the insider now directly owns 562,006 shares of the company’s stock, valued at $22,452,139.70. This represents a 3.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at $232,011,546.06. This trade represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,118,366 shares of company stock valued at $2,029,875,392 in the last ninety days. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on PLTR. Wedbush boosted their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Bank of America upped their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 25th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. DA Davidson upped their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.40.

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.