Palantir Technologies Inc. (NASDAQ:PLTR) Stake Raised by Harvest Investment Services LLC

Harvest Investment Services LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,148 shares of the company's stock after purchasing an additional 25,516 shares during the quarter. Palantir Technologies makes up about 2.4% of Harvest Investment Services LLC's holdings, making the stock its 3rd biggest position. Harvest Investment Services LLC's holdings in Palantir Technologies were worth $9,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in shares of Palantir Technologies by 37.0% in the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company's stock valued at $6,326,000 after buying an additional 45,965 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Palantir Technologies during the third quarter worth about $347,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Palantir Technologies by 48.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company's stock worth $652,000 after purchasing an additional 5,747 shares during the last quarter. Synovus Financial Corp increased its position in shares of Palantir Technologies by 85.9% during the third quarter. Synovus Financial Corp now owns 17,898 shares of the company's stock worth $666,000 after purchasing an additional 8,270 shares in the last quarter. Finally, Tri Ri Asset Management Corp purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $23,403,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $5.00 during trading on Friday, hitting $112.78. 103,457,514 shares of the company were exchanged, compared to its average volume of 73,841,174. The firm's fifty day moving average price is $89.58 and its 200 day moving average price is $76.39. The company has a market cap of $264.51 billion, a price-to-earnings ratio of 593.61, a PEG ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Mizuho lifted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Citigroup increased their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Loop Capital reissued a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Finally, Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price for the company. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $74.71.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the sale, the insider now owns 512,006 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. Corporate insiders own 12.93% of the company's stock.

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.