Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 709,512 shares of the company's stock after purchasing an additional 82,165 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Palantir Technologies were worth $53,660,000 at the end of the most recent quarter.

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

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Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company's stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,379,785 shares of company stock worth $281,528,938. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 1.8 %

Shares of Palantir Technologies stock traded down $1.52 during mid-day trading on Monday, hitting $84.34. The stock had a trading volume of 88,828,957 shares, compared to its average volume of 98,606,063. The firm has a 50-day moving average of $91.98 and a two-hundred day moving average of $69.53. The firm has a market cap of $197.80 billion, a P/E ratio of 443.89, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

Analyst Ratings Changes

A number of brokerages have issued reports on PLTR. Royal Bank of Canada increased their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. DA Davidson raised their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald upped their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock 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 given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.