APG Asset Management US Inc. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 62,734 shares of the company's stock, valued at approximately $4,745,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new position in Palantir Technologies during the 3rd quarter valued at about $280,000. Wellington Management Group LLP grew its position in Palantir Technologies by 3,106.8% during the third quarter. Wellington Management Group LLP now owns 775,208 shares of the company's stock valued at $28,838,000 after purchasing an additional 751,034 shares in the last quarter. EP Wealth Advisors LLC increased its stake in Palantir Technologies by 17.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 20,073 shares of the company's stock valued at $747,000 after buying an additional 2,941 shares during the period. Orion Portfolio Solutions LLC lifted its position in Palantir Technologies by 5.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 61,273 shares of the company's stock worth $2,279,000 after buying an additional 3,049 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its stake in shares of Palantir Technologies by 258.9% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 7,789 shares of the company's stock valued at $290,000 after buying an additional 5,619 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Bank of America upped their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Mizuho raised their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Citigroup boosted their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $75.19.
Read Our Latest Stock Analysis on Palantir Technologies
Palantir Technologies Trading Down 0.0 %
NASDAQ:PLTR traded down $0.04 during mid-day trading on Friday, hitting $88.55. 94,976,307 shares of the company's stock traded hands, compared to its average volume of 71,484,759. The firm has a market capitalization of $207.68 billion, a price-to-earnings ratio of 466.08, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The firm has a 50 day moving average of $92.81 and a two-hundred day moving average of $73.27. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.
Insider Transactions at Palantir Technologies
In related news, insider Ryan D. Taylor sold 98,177 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares in the company, valued at $33,382,558.80. The trade was a 19.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares of the company's stock, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last three months. 12.93% of the stock is currently owned by insiders.
About Palantir Technologies
(
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.
Recommended Stories
Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
