Massmutual Trust Co. FSB ADV Grows Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Massmutual Trust Co. FSB ADV boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 49.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,012 shares of the company’s stock after purchasing an additional 665 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Palantir Technologies were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PLTR. First United Bank & Trust purchased a new stake in Palantir Technologies during the fourth quarter worth $26,000. West Paces Advisors Inc. raised its position in shares of Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after acquiring an additional 620 shares during the period. Bogart Wealth LLC grew its position in shares of Palantir Technologies by 332.8% during the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after acquiring an additional 1,065 shares during the period. GAMMA Investing LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $33,000. Finally, Halpern Financial Inc. raised its holdings in Palantir Technologies by 44.0% in the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after purchasing an additional 440 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, insider David A. Glazer sold 90,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the transaction, the insider now owns 298,012 shares of the company’s stock, valued at approximately $8,749,632.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palantir Technologies news, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the sale, the insider now directly owns 298,012 shares in the company, valued at $8,749,632.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $28.97, for a total transaction of $57,940.00. Following the completion of the transaction, the director now directly owns 69,039 shares of the company’s stock, valued at approximately $2,000,059.83. The disclosure for this sale can be found here. Insiders have sold 5,164,396 shares of company stock valued at $108,289,707 over the last 90 days. 12.93% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday. Citigroup boosted their target price on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Monness Crespi & Hardt decreased their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research note on Tuesday. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $22.10.

Palantir Technologies Price Performance

NYSE:PLTR opened at $26.59 on Wednesday. The company’s 50-day moving average is $25.54 and its two-hundred day moving average is $23.45. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of 221.58, a PEG ratio of 6.02 and a beta of 2.71. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $29.83.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same period in the prior year, the business posted $0.01 earnings per share. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share 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.