Capital International Ltd. CA Buys New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Capital International Ltd. CA acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 74,720 shares of the company's stock, valued at approximately $5,651,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its position in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC grew its stake in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company's stock, valued at $4,983,793.75. This represents a 1.29 % 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 Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now owns 184,617 shares of the company's stock, valued at $15,993,370.71. This trade represents a 3.54 % 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 90 days. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price for the company. Morgan Stanley reduced their price target on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wedbush reiterated an "outperform" rating and issued a $120.00 price target on shares of Palantir Technologies in a research note on Monday, March 3rd. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Finally, Bank of America upped their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Five 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $74.71.

Palantir Technologies Stock Performance

Shares of PLTR stock traded up $1.07 on Friday, hitting $93.78. 83,698,348 shares of the stock traded hands, compared to its average volume of 72,859,837. The stock has a market capitalization of $219.95 billion, a PE ratio of 493.60, a PEG ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a twelve month low of $20.36 and a twelve month high of $125.41. The firm's 50-day moving average price is $91.18 and its two-hundred day moving average price is $75.01.

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.