Guardian Partners Inc. Invests $2.21 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Guardian Partners Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,250 shares of the company's stock, valued at approximately $2,212,000.

Several other institutional investors also recently added to or reduced their stakes in PLTR. State Street Corp increased its position in Palantir Technologies by 96.4% during the third quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after acquiring an additional 40,498,024 shares during the period. Geode Capital Management LLC increased its holdings 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 period. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $986,431,000 after purchasing an additional 655,815 shares during the period. Bank of New York Mellon Corp raised its position in shares of Palantir Technologies by 10.9% during the fourth 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 position in Palantir Technologies by 8.8% during the third quarter. FMR LLC now owns 12,478,281 shares of the company's stock worth $464,192,000 after buying an additional 1,004,603 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have commented on PLTR. Cantor Fitzgerald upped their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, DA Davidson raised their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $74.45.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 310,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.07, for a total value of $26,991,700.00. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at $51,545.44. This trade represents a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the transaction, the insider now owns 702,786 shares of the company's stock, valued at $64,958,509.98. This trade represents a 4.09 % 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 over the last ninety days. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Down 4.4 %

PLTR traded down $4.22 during trading on Wednesday, hitting $92.28. The company's stock had a trading volume of 81,394,443 shares, compared to its average volume of 66,465,998. The firm's 50 day moving average price is $90.80 and its two-hundred day moving average price is $68.37. The stock has a market capitalization of $216.43 billion, a price-to-earnings ratio of 485.71, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

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.