Broadleaf Partners LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,964 shares of the company's stock, valued at approximately $4,233,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Capital International Ltd. CA bought a new position in Palantir Technologies during the fourth quarter worth $5,651,000. Commerce Bank boosted its holdings in Palantir Technologies by 1.9% in the 4th quarter. Commerce Bank now owns 944,548 shares of the company's stock valued at $71,436,000 after purchasing an additional 17,822 shares during the period. Capital Group Investment Management PTE. LTD. bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $1,212,000. Capital International Sarl bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $8,293,000. Finally, Alpha DNA Investment Management LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $863,000. Institutional investors own 45.65% of the company's stock.
Palantir Technologies Price Performance
NASDAQ PLTR traded up $1.07 during mid-day trading on Friday, reaching $93.78. 83,698,348 shares of the stock were exchanged, compared to its average volume of 72,859,837. The stock has a market cap of $219.95 billion, a P/E ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. The stock has a 50 day simple moving average of $91.18 and a 200-day simple moving average of $75.01. Palantir Technologies Inc. has a one year low of $20.36 and a one year high of $125.41.
Analyst Ratings Changes
Several research analysts have commented on PLTR shares. Wedbush restated an "outperform" rating and set a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Citigroup upped their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Finally, Mizuho raised their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $74.71.
Check Out Our Latest Stock Analysis on Palantir Technologies
Insider Buying and Selling
In related news, insider Heather A. Planishek sold 13,891 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last ninety days. 12.93% of the stock is owned by corporate insiders.
Palantir Technologies Profile
(
Free Report)
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.
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