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Mizuho Securities USA LLC Has $13.85 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies logo with Computer and Technology background

Key Points

  • Mizuho Securities USA LLC reduced its holdings in Palantir Technologies by 15.5%, now owning 164,128 shares worth $13.85 million.
  • Numerous institutional investors have made adjustments to their positions in Palantir, with Mechanics Financial Corp and Richardson Capital Management LLC both taking new stakes during the first quarter.
  • Palantir posted earnings of $0.16 per share for the last quarter, exceeding expectations and showing a 48.0% increase in revenue year-over-year.
  • Want stock alerts on Palantir Technologies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Mizuho Securities USA LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,128 shares of the company's stock after selling 30,148 shares during the period. Mizuho Securities USA LLC's holdings in Palantir Technologies were worth $13,852,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PLTR. Allegiance Financial Group Advisory Services LLC boosted its holdings in shares of Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after buying an additional 84 shares during the period. Sovran Advisors LLC boosted its holdings in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after buying an additional 94 shares during the period. Lodestone Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after buying an additional 97 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after buying an additional 98 shares during the period. Finally, Kathmere Capital Management LLC boosted its holdings in shares of Palantir Technologies by 0.5% in the 1st quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after buying an additional 99 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 3,418 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $430,565.46. Following the sale, the insider directly owned 492,079 shares of the company's stock, valued at $61,987,191.63. The trade was a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric H. Woersching sold 10,214 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the sale, the director directly owned 2,348 shares in the company, valued at approximately $307,470.60. This trade represents a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,515,632 shares of company stock worth $196,472,623. Insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. DA Davidson set a $170.00 price target on shares of Palantir Technologies and gave the company a "neutral" rating in a report on Tuesday, August 5th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a "sell" rating to a "hold" rating and boosted their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research note on Tuesday, August 5th. Finally, UBS Group reissued a "neutral" rating and set a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a research note on Tuesday, August 5th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $136.61.

View Our Latest Stock Analysis on PLTR

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $4.76 during mid-day trading on Friday, hitting $186.96. The stock had a trading volume of 62,386,781 shares, compared to its average volume of 61,219,692. The company's 50 day moving average is $145.64 and its 200-day moving average is $115.87. Palantir Technologies Inc. has a 12-month low of $29.10 and a 12-month high of $187.99. The company has a market cap of $441.21 billion, a PE ratio of 623.22, a P/E/G ratio of 11.88 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the previous year, the business earned $0.09 EPS. The company's revenue was up 48.0% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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