Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Corebridge Financial Inc.

Corebridge Financial Inc. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 684,156 shares of the company's stock after purchasing an additional 147,431 shares during the quarter. Corebridge Financial Inc.'s holdings in Palantir Technologies were worth $51,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Prestige Wealth Management Group LLC grew its stake in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after buying an additional 650 shares in the last quarter. Roxbury Financial LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC lifted its position in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC boosted its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 2.4 %

PLTR traded down $2.19 during trading on Thursday, hitting $90.09. 82,518,616 shares of the stock were exchanged, compared to its average volume of 66,776,462. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The stock has a fifty day moving average price of $91.70 and a two-hundred day moving average price of $68.69. The firm has a market capitalization of $211.29 billion, a P/E ratio of 474.18, a PEG ratio of 10.84 and a beta of 2.81.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. Mizuho lifted their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. DA Davidson boosted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Citigroup increased their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $74.45.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.07, for a total value of $26,991,700.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $51,545.44. This trade represents a 99.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock valued at $281,528,938 in the last ninety days. 12.93% of the stock is currently owned by company insiders.

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.