ING Groep NV Has $48.67 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

ING Groep NV boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 648.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 643,479 shares of the company's stock after buying an additional 557,554 shares during the period. ING Groep NV's holdings in Palantir Technologies were worth $48,666,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank bought a new position in Palantir Technologies during the 4th quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction on 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 approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction 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. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,680,992 shares of company stock worth $473,395,877. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Trading Down 4.6 %

PLTR stock traded down $4.94 during midday trading on Friday, reaching $101.33. The company had a trading volume of 127,362,123 shares, compared to its average volume of 90,590,563. The company has a 50 day moving average of $85.36 and a two-hundred day moving average of $58.84. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market capitalization of $230.84 billion, a P/E ratio of 533.36, a PEG ratio of 11.52 and a beta of 2.81.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Loop Capital initiated coverage on shares of Palantir Technologies in a research note on Thursday. They set a "buy" rating and a $141.00 target price for the company. Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley upgraded 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 report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $73.21.

Palantir Technologies Company 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.