Meitav Investment House Ltd. Has $1.46 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Meitav Investment House Ltd. lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 45.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,122 shares of the company's stock after selling 16,000 shares during the quarter. Meitav Investment House Ltd.'s holdings in Palantir Technologies were worth $1,459,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the third quarter worth $25,000. Prestige Wealth Management Group LLC increased its stake in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after buying an additional 650 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter worth about $28,000. Finally, Wolff Wiese Magana LLC grew its holdings 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 acquiring an additional 265 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred 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 sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now owns 88,129 shares of the company's stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,680,992 shares of company stock worth $473,395,877. Corporate insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on PLTR shares. DA Davidson increased their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Loop Capital started coverage on Palantir Technologies in a research report on Thursday. They set a "buy" rating and a $141.00 target price for the company. Baird R W upgraded Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. Wedbush upped their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $73.21.

Palantir Technologies Trading Down 4.6 %

Shares of PLTR stock traded down $4.94 during trading hours on Friday, hitting $101.33. 127,362,123 shares of the company were exchanged, compared to its average volume of 90,590,563. The company has a market capitalization of $230.84 billion, a PE ratio of 533.36, a PEG ratio of 11.52 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. The business has a 50 day moving average of $85.36 and a two-hundred day moving average of $58.84.

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.