Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 79.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,635 shares of the company's stock after selling 21,300 shares during the period. Palantir Technologies comprises approximately 0.1% of PARUS FINANCE UK Ltd's holdings, making the stock its 28th largest position. PARUS FINANCE UK Ltd's holdings in Palantir Technologies were worth $426,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Private Trust Co. NA lifted its stake in Palantir Technologies by 14.2% in the 3rd quarter. Private Trust Co. NA now owns 5,903 shares of the company's stock worth $220,000 after purchasing an additional 736 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Palantir Technologies by 991.4% during the third quarter. The Manufacturers Life Insurance Company now owns 1,238,026 shares of the company's stock valued at $46,055,000 after buying an additional 1,124,595 shares during the last quarter. FMR LLC grew its holdings in Palantir Technologies by 8.8% during the 3rd quarter. FMR LLC now owns 12,478,281 shares of the company's stock valued at $464,192,000 after buying an additional 1,004,603 shares in the last quarter. Quantbot Technologies LP bought a new stake in Palantir Technologies in the 3rd quarter worth approximately $1,221,000. Finally, Townsquare Capital LLC raised its holdings in shares of Palantir Technologies by 87.9% during the 3rd quarter. Townsquare Capital LLC now owns 38,006 shares of the company's stock worth $1,414,000 after acquiring an additional 17,775 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

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Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 310,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the sale, the insider now owns 592 shares in the company, valued at approximately $51,545.44. The trade was a 99.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the transaction, the insider now directly owns 170,273 shares in the company, valued at $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 1.7 %

Shares of Palantir Technologies stock traded down $1.45 during midday trading on Monday, hitting $84.40. The company had a trading volume of 106,783,304 shares, compared to its average volume of 68,136,048. The company has a fifty day simple moving average of $91.98 and a 200 day simple moving average of $69.53. The stock has a market cap of $197.95 billion, a price-to-earnings ratio of 444.23, a PEG 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.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. Royal Bank of Canada upped their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Bank of America lifted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Citigroup lifted 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. Finally, UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $74.45.

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.