Natixis Advisors LLC Boosts Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Natixis Advisors LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 266.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,683 shares of the company's stock after acquiring an additional 145,941 shares during the quarter. Natixis Advisors LLC's holdings in Palantir Technologies were worth $15,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC lifted its position in shares of Palantir Technologies by 747.1% in the 3rd 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 in the fourth quarter worth approximately $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter worth $28,000. Wolff Wiese Magana LLC boosted 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 valued at $29,000 after acquiring an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC increased its holdings in shares of 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 period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the business's 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock valued at $281,528,938 over the last 90 days. Insiders own 12.93% of the company's stock.

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Palantir Technologies Trading Up 4.1 %

NASDAQ PLTR traded up $3.57 on Friday, hitting $90.96. 116,457,235 shares of the company's stock traded hands, compared to its average volume of 65,912,015. The firm's 50-day moving average price is $89.55 and its two-hundred day moving average price is $66.92. The firm has a market capitalization of $213.33 billion, a PE ratio of 478.76, a P/E/G 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PLTR shares. Mizuho raised their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Northland Securities lifted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. UBS Group increased their target price 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. Finally, Loop Capital cut their price target on shares of Palantir Technologies from $141.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $74.45.

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.