Financial Counselors Inc. Acquires New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Financial Counselors Inc. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,475 shares of the company's stock, valued at approximately $338,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Murphy & Mullick Capital Management Corp bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $1,347,000. Wambolt & Associates LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $1,502,000. Florida Financial Advisors LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $325,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Palantir Technologies by 179.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 78,788 shares of the company's stock worth $5,959,000 after acquiring an additional 50,618 shares during the period. Finally, PKS Advisory Services LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $237,000. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares of the company's stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock worth $281,528,938 in the last 90 days. Company insiders own 12.93% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have issued reports on PLTR. Robert W. Baird increased their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Wedbush reissued an "outperform" rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Loop Capital cut their target price on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Jefferies Financial Group raised their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.45.

Palantir Technologies Stock Down 2.1 %

Shares of NASDAQ PLTR traded down $1.80 during mid-day trading on Monday, reaching $84.06. 80,583,055 shares of the company were exchanged, compared to its average volume of 68,038,708. The stock has a market capitalization of $197.14 billion, a P/E ratio of 442.80, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company's 50-day simple moving average is $91.98 and its 200-day simple moving average is $69.53.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.