Zurcher Kantonalbank Zurich Cantonalbank Has $17.09 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 459,494 shares of the company's stock after buying an additional 19,036 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Palantir Technologies were worth $17,093,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PLTR. Charles Schwab Investment Management Inc. lifted its holdings in Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock worth $460,798,000 after buying an additional 4,667,955 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company's stock worth $13,786,000 after purchasing an additional 68,945 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Palantir Technologies by 19.2% during the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company's stock valued at $20,146,000 after purchasing an additional 87,062 shares during the last quarter. Tyler Stone Wealth Management raised its holdings in shares of Palantir Technologies by 97.9% during the third quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company's stock worth $7,515,000 after purchasing an additional 99,921 shares during the period. Finally, Boston Family Office LLC raised its holdings in shares of Palantir Technologies by 48.0% during the third quarter. Boston Family Office LLC now owns 37,000 shares of the company's stock worth $1,376,000 after purchasing an additional 12,000 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLTR. Jefferies Financial Group lowered shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. DA Davidson upped their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. Northland Capmk raised Palantir Technologies to a "hold" rating in a report on Thursday, August 22nd. Monness Crespi & Hardt lowered their price objective on Palantir Technologies from $20.00 to $18.00 and set a "sell" rating for the company in a research note on Tuesday, August 6th. Finally, Bank of America raised their target price on Palantir Technologies from $55.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $35.64.

Palantir Technologies Stock Performance

NYSE PLTR traded up $1.03 on Friday, reaching $67.08. The company's stock had a trading volume of 30,104,047 shares, compared to its average volume of 81,569,840. The firm's 50 day moving average is $48.86 and its two-hundred day moving average is $34.96. The stock has a market cap of $152.81 billion, a PE ratio of 335.40, a PEG ratio of 9.07 and a beta of 2.70. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $67.88.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.35, for a total transaction of $218,100.00. Following the transaction, the director now directly owns 152,280 shares in the company, valued at approximately $5,535,378. The trade was a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares of the company's stock, valued at $232,011,546.06. The trade was a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,163,181 shares of company stock valued at $1,603,288,758 in the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Company 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.