Argent Trust Co Invests $354,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Argent Trust Co bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,676 shares of the company's stock, valued at approximately $354,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $1,360,191,000. Geode Capital Management LLC grew its holdings in shares of Palantir Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after acquiring an additional 3,907,022 shares during the period. Invesco Ltd. boosted its stake in shares of Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after buying an additional 3,509,311 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Palantir Technologies in the fourth quarter worth approximately $240,236,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $5.78 during mid-day trading on Tuesday, hitting $98.40. 117,035,424 shares of the stock were exchanged, compared to its average volume of 72,009,046. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The stock's fifty day simple moving average is $92.63 and its two-hundred day simple moving average is $73.66. The company has a market cap of $230.78 billion, a P/E ratio of 517.92, a PEG ratio of 10.84 and a beta of 2.74.

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Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Company insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson cut their price target on shares of Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday. UBS Group raised their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Wedbush reissued an "outperform" rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada raised their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $74.95.

Palantir Technologies 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.