Envestnet Portfolio Solutions Inc. Purchases 3,973 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Envestnet Portfolio Solutions Inc. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,829 shares of the company's stock after acquiring an additional 3,973 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Palantir Technologies were worth $2,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Prestige Wealth Management Group LLC grew its holdings in Palantir Technologies by 747.1% during the 3rd 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 bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC grew its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC increased its holdings in 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 during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

PLTR stock traded up $5.79 during trading on Monday, hitting $96.75. 111,670,547 shares of the company traded hands, compared to its average volume of 66,256,979. The company has a 50-day moving average of $89.55 and a 200-day moving average of $67.44. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The firm has a market capitalization of $226.91 billion, a PE ratio of 509.24, a P/E/G ratio of 10.84 and a beta of 2.81.

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Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. DA Davidson boosted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald boosted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $74.45.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares of the company's stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,379,785 shares of company stock valued at $281,528,938 in the last quarter. Company insiders own 12.93% of the company's stock.

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.