Privium Fund Management B.V. Has $17.61 Million Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Privium Fund Management B.V. grew its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 475,000 shares of the company’s stock after buying an additional 30,000 shares during the period. Palantir Technologies makes up 4.4% of Privium Fund Management B.V.’s holdings, making the stock its 7th biggest position. Privium Fund Management B.V.’s holdings in Palantir Technologies were worth $17,607,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. acquired a new position in Palantir Technologies in the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter valued at $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth $30,000. Finally, Beacon Capital Management LLC increased its position in shares of Palantir Technologies by 269.5% in the first quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after purchasing an additional 1,105 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $30.24, for a total value of $604,800.00. Following the completion of the sale, the insider now directly owns 612,006 shares in the company, valued at $18,507,061.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at $353,967,157.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $30.24, for a total transaction of $604,800.00. Following the completion of the transaction, the insider now owns 612,006 shares in the company, valued at approximately $18,507,061.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,482,878 shares of company stock worth $1,044,202,496. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 4.5 %

Shares of PLTR opened at $58.39 on Friday. The stock has a market cap of $130.76 billion, a PE ratio of 291.96 and a beta of 2.70. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $58.48. The business has a 50-day simple moving average of $40.13 and a two-hundred day simple moving average of $30.65.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter last year, the business earned $0.03 EPS. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PLTR shares. Bank of America increased their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research report on Thursday. Mizuho lifted their price objective on shares of Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, November 5th. Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Northland Securities lifted their price target on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.71.

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.