Natixis increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 260,388 shares of the company's stock after acquiring an additional 59,273 shares during the quarter. Natixis' holdings in Palantir Technologies were worth $19,693,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC raised its stake 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 acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company's stock.
Palantir Technologies Trading Up 5.6 %
NASDAQ:PLTR traded up $5.70 during mid-day trading on Thursday, reaching $106.52. 64,532,643 shares of the stock were exchanged, compared to its average volume of 73,422,831. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41. The business has a fifty day moving average price of $89.81 and a 200 day moving average price of $75.91. The firm has a market capitalization of $249.82 billion, a PE ratio of 560.76, a PEG ratio of 10.84 and a beta of 2.74.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Mizuho lifted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. DA Davidson cut their target price on shares of Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Cantor Fitzgerald raised their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Finally, Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.71.
Get Our Latest Stock Analysis on Palantir Technologies
Insider Buying and Selling
In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the sale, the insider now directly owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. This represents a 19.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock worth $253,328,090 in the last ninety days. 12.93% of the stock is currently owned by corporate insiders.
Palantir Technologies Company Profile
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Free Report)
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.
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