Metis Global Partners LLC Increases Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Metis Global Partners LLC increased its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 181.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,528 shares of the company’s stock after buying an additional 41,609 shares during the quarter. Metis Global Partners LLC’s holdings in Palantir Technologies were worth $2,400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at $25,000. Creekmur Asset Management LLC raised its holdings in shares of Palantir Technologies by 46.0% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock valued at $40,000 after buying an additional 335 shares during the period. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, 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 transaction of $162,315,000.00. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $232,011,546.06. This represents a 41.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thiel sold 4,254,666 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $36.77, for a total transaction of $156,444,068.82. Following the completion of the transaction, the director now directly owns 51,234,275 shares in the company, valued at $1,883,884,291.75. This trade represents a 7.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,562,840 shares of company stock valued at $1,435,787,316. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Monness Crespi & Hardt lowered their target price 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. Citigroup boosted their target price on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Northland Capmk raised Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Mizuho increased their target price on Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 5th. Finally, DA Davidson upped their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.71.

Palantir Technologies Stock Up 11.2 %

Shares of NYSE PLTR opened at $65.81 on Friday. The stock has a market cap of $147.38 billion, a price-to-earnings ratio of 329.07 and a beta of 2.70. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $66.00. The company’s fifty day moving average is $43.19 and its 200-day moving average is $31.94.

Palantir Technologies (NYSE:PLTR) last issued its quarterly 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. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period in the previous year, the business earned $0.03 EPS. The company’s revenue was up 30.0% compared to the same quarter last year. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

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.