Senator Investment Group LP Buys Shares of 11,206 Palantir Technologies Inc. $PLTR

Key Points

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Senator Investment Group LP bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,206 shares of the company's stock, valued at approximately $946,000.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $450,000. XTX Topco Ltd purchased a new position in Palantir Technologies during the 4th quarter valued at about $328,000. Capital World Investors bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $253,816,000. Capital Research Global Investors bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $118,679,000. Finally, Capital International Inc. CA bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $4,490,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Down 1.8%

PLTR opened at $174.03 on Tuesday. Palantir Technologies Inc. has a 12-month low of $29.31 and a 12-month high of $190.00. The firm has a market capitalization of $412.86 billion, a PE ratio of 580.12, a P/E/G ratio of 9.99 and a beta of 2.60. The firm has a 50 day moving average of $151.87 and a two-hundred day moving average of $120.39.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $939.29 million. During the same period last year, the firm posted $0.09 EPS. Palantir Technologies's revenue for the quarter was up 48.0% compared to the same quarter last year. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PLTR. Royal Bank Of Canada raised their price target on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a report on Tuesday, August 5th. UBS Group restated a "neutral" rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price target for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $136.61.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 39,825 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at approximately $810,271,540.26. This trade represents a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 628,140 shares of company stock worth $84,302,509 in the last ninety days. 12.93% 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.

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