Capital International Inc. CA Purchases Shares of 59,374 Palantir Technologies Inc. (NASDAQ:PLTR)

Capital International Inc. CA purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,374 shares of the company's stock, valued at approximately $4,490,000.

Several other institutional investors have also recently added to or reduced their stakes in PLTR. M&T Bank Corp increased its stake in Palantir Technologies by 37.0% during the third quarter. M&T Bank Corp now owns 170,043 shares of the company's stock worth $6,326,000 after acquiring an additional 45,965 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at approximately $347,000. Wilmington Savings Fund Society FSB increased its position in shares of Palantir Technologies by 48.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company's stock worth $652,000 after purchasing an additional 5,747 shares during the last quarter. Synovus Financial Corp raised its stake in Palantir Technologies by 85.9% during the third quarter. Synovus Financial Corp now owns 17,898 shares of the company's stock valued at $666,000 after buying an additional 8,270 shares in the last quarter. Finally, Tri Ri Asset Management Corp acquired a new position in Palantir Technologies in the third quarter worth $23,403,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PLTR shares. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Robert W. Baird upped their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. DA Davidson cut their price target on shares of Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. UBS Group upped their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Bank of America upped their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $74.71.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $5.41 during mid-day trading on Thursday, reaching $106.23. The stock had a trading volume of 59,563,429 shares, compared to its average volume of 73,404,279. The business's 50 day moving average is $89.81 and its 200 day moving average is $75.91. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $125.41. The stock has a market cap of $249.14 billion, a P/E ratio of 558.42, a PEG ratio of 10.84 and a beta of 2.74.

About Palantir Technologies

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.