Elo Mutual Pension Insurance Co Sells 9,242 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Elo Mutual Pension Insurance Co cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,805 shares of the company's stock after selling 9,242 shares during the period. Elo Mutual Pension Insurance Co's holdings in Palantir Technologies were worth $14,962,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PLTR. State Street Corp lifted its stake in shares of Palantir Technologies by 96.4% in the third quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after buying an additional 40,498,024 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Palantir Technologies by 52.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock worth $1,777,568,000 after purchasing an additional 16,598,253 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Palantir Technologies by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company's stock valued at $986,431,000 after purchasing an additional 655,815 shares during the period. Bank of New York Mellon Corp grew its holdings in Palantir Technologies by 10.9% in the 4th quarter. Bank of New York Mellon Corp now owns 12,843,672 shares of the company's stock valued at $971,367,000 after buying an additional 1,262,479 shares during the last quarter. Finally, FMR LLC grew its holdings in Palantir Technologies by 8.8% in the 3rd quarter. FMR LLC now owns 12,478,281 shares of the company's stock valued at $464,192,000 after buying an additional 1,004,603 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLTR shares. Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Morgan Stanley raised Palantir Technologies from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Northland Securities lifted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Finally, Loop Capital reduced their price objective on shares of Palantir Technologies from $141.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $74.45.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares of the company's stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last ninety days. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 4.7 %

Shares of PLTR stock traded down $4.24 during trading on Friday, reaching $85.85. The company's stock had a trading volume of 90,823,164 shares, compared to its average volume of 67,978,339. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The business has a fifty day moving average price of $91.98 and a 200-day moving average price of $69.28. The company has a market cap of $201.35 billion, a price-to-earnings ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

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.