Comerica Bank Has $1.91 Million Stake in Palantir Technologies Inc. (NYSE:PLTR)

Comerica Bank decreased its holdings in Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 21.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,117 shares of the company's stock after selling 23,262 shares during the period. Comerica Bank's holdings in Palantir Technologies were worth $1,913,000 as of its most recent SEC filing.

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A number of other large investors also recently made changes to their positions in PLTR. Allworth Financial LP increased its holdings in shares of Palantir Technologies by 11.5% in the 4th quarter. Allworth Financial LP now owns 8,885 shares of the company's stock valued at $153,000 after purchasing an additional 914 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Palantir Technologies by 7.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 233,054 shares of the company's stock worth $4,088,000 after buying an additional 15,624 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Palantir Technologies by 6.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,967 shares of the company's stock worth $789,000 after buying an additional 2,604 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Palantir Technologies by 2.8% in the fourth quarter. Bleakley Financial Group LLC now owns 54,650 shares of the company's stock worth $938,000 after buying an additional 1,469 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Palantir Technologies by 9.7% in the fourth quarter. International Assets Investment Management LLC now owns 168,653 shares of the company's stock worth $2,896,000 after buying an additional 14,952 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 11.2 %

PLTR opened at $29.28 on Friday. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $29.83. The stock has a market capitalization of $65.20 billion, a price-to-earnings ratio of 244.00, a P/E/G ratio of 6.02 and a beta of 2.71. The business has a 50 day moving average of $25.80 and a 200-day moving average of $23.52.

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Palantir Technologies (NYSE:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 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 return on equity of 8.28% and a net margin of 12.79%. Palantir Technologies's revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. Equities analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 2,398 shares of the firm's stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now directly owns 639,696 shares of the company's stock, valued at $13,625,524.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Heather A. Planishek sold 2,398 shares of the firm's stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now directly owns 639,696 shares of the company's stock, valued at $13,625,524.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 10,907 shares of the firm's stock in a transaction on Monday, May 20th. The stock was sold at an average price of $21.43, for a total value of $233,737.01. Following the completion of the transaction, the insider now directly owns 651,099 shares of the company's stock, valued at $13,953,051.57. The disclosure for this sale can be found here. Insiders sold a total of 164,396 shares of company stock valued at $4,389,707 over the last ninety days. 12.93% of the stock is owned by company insiders.

Analyst Ratings Changes

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A number of equities analysts recently commented on PLTR shares. Wedbush restated an "outperform" rating and issued a $35.00 price objective on shares of Palantir Technologies in a report on Friday, August 2nd. William Blair restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Jefferies Financial Group upped their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Monness Crespi & Hardt decreased their target price on Palantir Technologies from $20.00 to $18.00 and set a "sell" rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group upped their target price on Palantir Technologies from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Wednesday. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.14.

View Our Latest Stock Analysis on PLTR

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.

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