Mitsubishi UFJ Asset Management Co. Ltd. Has $282.60 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,537,419 shares of the company's stock after buying an additional 359,167 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Palantir Technologies worth $282,604,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of PLTR. Heritage Wealth Management Inc. CA increased its holdings in Palantir Technologies by 0.4% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after purchasing an additional 111 shares in the last quarter. Westover Capital Advisors LLC raised its holdings in shares of Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after buying an additional 130 shares during the period. Tritonpoint Wealth LLC lifted its position in Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after acquiring an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC lifted its position in Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock worth $493,000 after acquiring an additional 139 shares in the last quarter. Finally, Truvestments Capital LLC grew its position in Palantir Technologies by 1.2% in the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company's stock valued at $931,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

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Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now directly owns 592 shares of the company's stock, valued at $48,988. This represents a 99.95 % 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 worth $281,528,938 in the last three months. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 4.7 %

Palantir Technologies stock traded down $4.24 during mid-day trading on Friday, hitting $85.85. The company's stock had a trading volume of 90,823,164 shares, compared to its average volume of 67,978,339. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The stock's fifty day moving average price is $91.98 and its two-hundred day moving average price is $69.28. The stock has a market capitalization of $201.35 billion, a P/E ratio of 451.87, a P/E/G ratio of 10.84 and a beta of 2.81.

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Jefferies Financial Group upped 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. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Wedbush reissued an "outperform" rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Finally, UBS Group lifted their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.