Impact Capital Partners LLC Takes $224,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Impact Capital Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,968 shares of the company's stock, valued at approximately $224,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in Palantir Technologies by 96.4% in the 3rd 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 grew its stake in shares of Palantir Technologies by 52.9% in the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock worth $1,777,568,000 after acquiring an additional 16,598,253 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Palantir Technologies by 5.3% during the fourth 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 last quarter. Bank of New York Mellon Corp lifted its position in 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 purchasing an additional 1,262,479 shares during the period. Finally, FMR LLC boosted its holdings in Palantir Technologies by 8.8% in the third quarter. FMR LLC now owns 12,478,281 shares of the company's stock worth $464,192,000 after purchasing an additional 1,004,603 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

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Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the sale, the insider now owns 592 shares in the company, valued at $50,497.60. The trade was a 99.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The stock was 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 in the company, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,069,785 shares of company stock worth $254,537,238 in the last three months. 12.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLTR. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Bank of America increased their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Mizuho increased their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Finally, Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. 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.com, the stock has an average rating of "Hold" and a consensus price target of $74.45.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded down $3.46 during trading on Tuesday, hitting $83.89. 92,868,367 shares of the company's stock were exchanged, compared to its average volume of 65,076,611. The business's 50-day simple moving average is $88.06 and its 200 day simple moving average is $65.86. The company has a market cap of $196.75 billion, a price-to-earnings ratio of 441.55, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

About Palantir Technologies

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.