Huntington National Bank lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,242 shares of the company's stock after buying an additional 5,472 shares during the period. Huntington National Bank's holdings in Palantir Technologies were worth $1,077,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of PLTR. Kesler Norman & Wride LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $1,035,000. Columbia Asset Management acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $216,000. Meeder Advisory Services Inc. grew its holdings in shares of Palantir Technologies by 94.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 72,033 shares of the company's stock valued at $5,448,000 after acquiring an additional 34,909 shares in the last quarter. Groupama Asset Managment acquired a new position in shares of Palantir Technologies in the fourth quarter worth $2,147,000. Finally, Trexquant Investment LP raised its holdings in shares of Palantir Technologies by 696.5% during the fourth quarter. Trexquant Investment LP now owns 396,187 shares of the company's stock worth $29,964,000 after acquiring an additional 346,445 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.
Insider Activity at Palantir Technologies
In other news, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares of the company's stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. 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 in the last ninety days. 12.93% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have weighed in on PLTR shares. Cantor Fitzgerald upped their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. DA Davidson increased their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Royal Bank of Canada raised their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Robert W. Baird increased their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, UBS Group raised their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $75.19.
Get Our Latest Analysis on PLTR
Palantir Technologies Stock Down 11.5 %
Shares of PLTR stock traded down $9.59 during trading hours on Friday, reaching $74.01. 146,810,995 shares of the company's stock were exchanged, compared to its average volume of 69,096,867. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The stock has a market capitalization of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74. The business has a fifty day moving average price of $92.67 and a 200-day moving average price of $70.70.
Palantir Technologies Company Profile
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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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