Groupama Asset Managment acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,812 shares of the company's stock, valued at approximately $2,147,000.
Other hedge funds also recently bought and sold shares of the company. Glenmede Trust Co. NA raised its stake in shares of Palantir Technologies by 87.2% during the third quarter. Glenmede Trust Co. NA now owns 21,558 shares of the company's stock valued at $802,000 after acquiring an additional 10,040 shares in the last quarter. Public Sector Pension Investment Board purchased a new position in Palantir Technologies during the 3rd quarter worth $3,207,000. Paloma Partners Management Co increased its holdings in Palantir Technologies by 1,035.0% during the 3rd quarter. Paloma Partners Management Co now owns 19,124 shares of the company's stock worth $711,000 after purchasing an additional 17,439 shares during the period. Janus Henderson Group PLC raised its position in Palantir Technologies by 170.0% during the 3rd quarter. Janus Henderson Group PLC now owns 373,534 shares of the company's stock valued at $13,897,000 after purchasing an additional 235,168 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Palantir Technologies in the 3rd quarter worth $280,000. Institutional investors own 45.65% of the company's stock.
Insider Transactions at Palantir Technologies
In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares of the company's stock, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,993,175 shares of company stock worth $253,549,610 over the last three months. 12.93% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on PLTR shares. Baird R W upgraded Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. DA Davidson lifted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Daiwa America upgraded Palantir Technologies to a "hold" rating in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $75.19.
Check Out Our Latest Stock Analysis on PLTR
Palantir Technologies Stock Performance
Shares of NASDAQ PLTR traded down $3.85 during mid-day trading on Thursday, hitting $83.60. The stock had a trading volume of 93,636,202 shares, compared to its average volume of 68,768,764. The company has a 50 day moving average of $92.77 and a two-hundred day moving average of $70.43. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The firm has a market cap of $196.07 billion, a PE ratio of 440.02, a PEG ratio of 10.84 and a beta of 2.81.
About Palantir Technologies
(
Free Report)
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.
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