Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Mariner LLC

Mariner LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,598 shares of the company's stock after purchasing an additional 110,419 shares during the period. Mariner LLC's holdings in Palantir Technologies were worth $46,181,000 as of its most recent SEC filing.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company's stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock worth $253,328,090 in the last 90 days. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 1.2 %

Shares of NASDAQ:PLTR traded up $1.07 during trading on Friday, hitting $93.78. 83,698,348 shares of the company traded hands, compared to its average volume of 72,726,928. The business's fifty day moving average is $91.18 and its 200-day moving average is $74.75. The stock has a market capitalization of $219.95 billion, a price-to-earnings ratio of 493.60, a PEG ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. DA Davidson decreased their target price on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Bank of America upped their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Robert W. Baird lifted their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group raised their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average price target of $74.71.

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.