Mandatum Life Insurance Co Ltd Sells 350 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Mandatum Life Insurance Co Ltd lessened its stake in Palantir Technologies Inc. (NYSE:PLTR) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 60,229 shares of the company’s stock after selling 350 shares during the period. Palantir Technologies makes up approximately 0.7% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 28th largest position. Mandatum Life Insurance Co Ltd’s holdings in Palantir Technologies were worth $2,241,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PLTR. 1832 Asset Management L.P. lifted its holdings in shares of Palantir Technologies by 248,208.2% in the first quarter. 1832 Asset Management L.P. now owns 3,625,300 shares of the company’s stock valued at $83,418,000 after purchasing an additional 3,623,840 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Palantir Technologies by 594.3% in the second quarter. Marshall Wace LLP now owns 3,550,176 shares of the company’s stock valued at $89,926,000 after purchasing an additional 3,038,861 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Palantir Technologies by 1.6% in the first quarter. Vanguard Group Inc. now owns 196,834,580 shares of the company’s stock valued at $4,529,164,000 after purchasing an additional 3,029,317 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Palantir Technologies by 15.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,571,224 shares of the company’s stock valued at $335,284,000 after purchasing an additional 1,980,495 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in Palantir Technologies by 2,722.2% during the second quarter. National Bank of Canada FI now owns 1,716,830 shares of the company’s stock worth $44,427,000 after acquiring an additional 1,655,997 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Wedbush lifted their price target on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Bank of America lifted their price target on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Monness Crespi & Hardt dropped their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Finally, Jefferies Financial Group lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.86.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the completion of the transaction, the director now directly owns 65,989 shares in the company, valued at approximately $1,744,089.27. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Heather A. Planishek sold 11,373 shares of Palantir Technologies stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $32.25, for a total transaction of $366,779.25. Following the completion of the sale, the insider now owns 600,633 shares of the company’s stock, valued at approximately $19,370,414.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total value of $80,611.50. Following the sale, the director now directly owns 65,989 shares of the company’s stock, valued at $1,744,089.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,747,176 shares of company stock worth $646,951,347. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Down 0.7 %

Shares of NYSE PLTR traded down $0.32 during mid-day trading on Monday, hitting $42.65. The company had a trading volume of 22,985,201 shares, compared to its average volume of 56,916,949. The company has a market capitalization of $95.51 billion, a price-to-earnings ratio of 251.01 and a beta of 2.72. Palantir Technologies Inc. has a 1 year low of $14.48 and a 1 year high of $44.39. The stock’s 50-day moving average price is $35.60 and its 200-day moving average price is $28.13.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

About Palantir Technologies

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.