Capital International Sarl Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Capital International Sarl acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 109,655 shares of the company's stock, valued at approximately $8,293,000.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after purchasing an additional 448 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $876,000. Destiny Wealth Partners LLC bought a new stake in Palantir Technologies in the fourth quarter worth $3,233,000. Kieckhefer Group LLC bought a new stake in Palantir Technologies in the fourth quarter worth $11,769,000. Finally, Grange Capital LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at $5,829,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. UBS Group increased their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Loop Capital restated a "buy" rating on shares of Palantir Technologies in a report on Friday, April 4th. Jefferies Financial Group increased their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Mizuho boosted 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. Finally, Bank of America increased their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research 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. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average target price of $74.71.

Palantir Technologies Trading Up 1.2 %

Palantir Technologies stock traded up $1.07 during midday trading on Friday, hitting $93.78. The stock had a trading volume of 83,698,348 shares, compared to its average volume of 72,859,837. Palantir Technologies Inc. has a 52-week low of $20.36 and a 52-week high of $125.41. The company has a market capitalization of $219.95 billion, a PE ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. The firm's fifty day moving average is $91.18 and its two-hundred day moving average is $75.01.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company's stock, valued at $48,988. This represents a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last three months. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Company 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.