IQ EQ FUND MANAGEMENT IRELAND Ltd Has $4.54 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,981 shares of the company's stock after acquiring an additional 22,350 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Palantir Technologies were worth $4,536,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC lifted its position in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC lifted its holdings in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 4.7 %

NASDAQ:PLTR traded down $4.24 on Friday, reaching $85.85. The stock had a trading volume of 90,823,164 shares, compared to its average volume of 67,978,339. The company has a market capitalization of $201.35 billion, a P/E ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The stock has a fifty day moving average price of $91.98 and a 200-day moving average price of $69.28.

Remove Ads

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock valued at $281,528,938 in the last three months. 12.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Loop Capital reduced their target price on shares of Palantir Technologies from $141.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. DA Davidson upped their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Mizuho upped their price target 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. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $74.45.

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.