Nissay Asset Management Corp Japan ADV Buys 224,200 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Nissay Asset Management Corp Japan ADV grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 90.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 470,929 shares of the company's stock after buying an additional 224,200 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Palantir Technologies were worth $37,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Nearwater Capital Markets Ltd purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $28,760,000. NorthRock Partners LLC purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $2,035,000. Nuveen Asset Management LLC lifted its stake in Palantir Technologies by 6.8% in the fourth quarter. Nuveen Asset Management LLC now owns 5,219,689 shares of the company's stock valued at $394,765,000 after purchasing an additional 332,546 shares during the last quarter. McGowan Group Asset Management Inc. lifted its stake in Palantir Technologies by 131.2% in the fourth quarter. McGowan Group Asset Management Inc. now owns 14,933 shares of the company's stock valued at $1,129,000 after purchasing an additional 8,474 shares during the last quarter. Finally, Measured Risk Portfolios Inc. purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $64,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 1.1%

Shares of Palantir Technologies stock traded up $1.40 during trading on Friday, hitting $129.52. The stock had a trading volume of 55,517,922 shares, compared to its average volume of 77,035,000. The firm has a market cap of $303.77 billion, a price-to-earnings ratio of 681.72, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.49. The business's 50-day moving average is $98.72 and its 200 day moving average is $85.13.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Northland Securities upped their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Bank of America upped their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Finally, Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price on the stock. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.95.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 18,537 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the sale, the insider now directly owns 493,469 shares in the company, valued at approximately $50,491,748.08. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,964,290 shares of company stock worth $250,504,866. 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.