Palantir Technologies Inc. (NYSE:PLTR) Stock Holdings Increased by Nwam LLC

Nwam LLC lifted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 15.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,617 shares of the company’s stock after purchasing an additional 2,688 shares during the quarter. Nwam LLC’s holdings in Palantir Technologies were worth $316,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia lifted its position in Palantir Technologies by 2.0% in the second quarter. Bank of Nova Scotia now owns 34,450 shares of the company’s stock worth $528,000 after purchasing an additional 682 shares during the period. Commerce Bank lifted its holdings in shares of Palantir Technologies by 7.8% in the first quarter. Commerce Bank now owns 96,261 shares of the company’s stock valued at $813,000 after buying an additional 6,964 shares during the period. Achmea Investment Management B.V. lifted its holdings in shares of Palantir Technologies by 36.6% in the second quarter. Achmea Investment Management B.V. now owns 98,410 shares of the company’s stock valued at $1,509,000 after buying an additional 26,385 shares during the period. Apollon Wealth Management LLC boosted its stake in Palantir Technologies by 38.9% during the second quarter. Apollon Wealth Management LLC now owns 28,694 shares of the company’s stock valued at $440,000 after buying an additional 8,033 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Palantir Technologies by 3.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,039,283 shares of the company’s stock worth $15,932,000 after acquiring an additional 36,156 shares during the period. 34.21% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Shares of PLTR opened at $20.49 on Friday. The company has a market capitalization of $44.59 billion, a price-to-earnings ratio of 341.56, a P/E/G ratio of 3.47 and a beta of 2.70. The business’s 50-day moving average is $16.67 and its 200-day moving average is $15.41. Palantir Technologies Inc. has a fifty-two week low of $5.84 and a fifty-two week high of $20.58.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research reports. Wolfe Research raised their price objective on shares of Palantir Technologies from $6.00 to $7.50 and gave the company an “underperform” rating in a research report on Tuesday, August 8th. DA Davidson upped their price target on Palantir Technologies from $8.50 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. HSBC started coverage on Palantir Technologies in a research note on Friday, September 15th. They set a “hold” rating and a $16.00 price objective for the company. Mizuho boosted their target price on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Finally, Citigroup increased their price target on Palantir Technologies from $6.00 to $10.00 and gave the company a “sell” rating in a research report on Monday, August 7th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.25.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 325,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $15.40, for a total transaction of $5,005,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $99,056,773.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Alexander D. Moore sold 21,900 shares of Palantir Technologies stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $15.09, for a total transaction of $330,471.00. Following the completion of the sale, the director now directly owns 1,765,019 shares in the company, valued at approximately $26,634,136.71. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 325,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $15.40, for a total value of $5,005,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $99,056,773.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 641,409 shares of company stock worth $9,738,595. 13.96% of the stock is currently owned by company insiders.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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.