Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 139.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 596,429 shares of the company's stock after acquiring an additional 347,658 shares during the quarter. Pacer Advisors Inc.'s holdings in Palantir Technologies were worth $45,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of PLTR. Cornerstone Wealth Group LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $303,000. KBC Group NV grew its stake in shares of Palantir Technologies by 103.4% in the 4th quarter. KBC Group NV now owns 1,051,630 shares of the company's stock worth $79,535,000 after acquiring an additional 534,512 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $15,177,000. Capital Asset Advisory Services LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $387,000. Finally, Blue Trust Inc. lifted its position in shares of Palantir Technologies by 17.4% during the fourth quarter. Blue Trust Inc. now owns 39,840 shares of the company's stock valued at $3,013,000 after purchasing an additional 5,912 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on PLTR shares. Robert W. Baird assumed coverage on Palantir Technologies in a research report on Thursday, December 12th. They set a "neutral" rating and a $70.00 price target for the company. DA Davidson lifted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Morgan Stanley reissued an "underweight" rating and set a $60.00 target price on shares of Palantir Technologies in a research report on Monday, January 6th. UBS Group initiated coverage on shares of Palantir Technologies in a report on Thursday, December 19th. They issued a "neutral" rating and a $80.00 price target on the stock. Finally, The Goldman Sachs Group raised their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $44.61.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the sale, the insider now owns 562,006 shares of the company's stock, valued at $28,077,819.76. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of Palantir Technologies stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the completion of the transaction, the director now directly owns 130,250 shares of the company's stock, valued at $6,576,322.50. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,181,807 shares of company stock valued at $1,288,448,522 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 6.3 %

PLTR stock traded up $4.79 during trading on Tuesday, reaching $80.23. The company's stock had a trading volume of 65,774,285 shares, compared to its average volume of 70,579,188. The company's fifty day moving average is $72.25 and its 200-day moving average is $49.52. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The company has a market capitalization of $182.77 billion, a P/E ratio of 401.17, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter last year, the business posted $0.03 earnings per share. The business's quarterly revenue was up 30.0% compared to the same quarter last year. Analysts anticipate that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

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.