Korea Investment CORP boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,432,742 shares of the company's stock after purchasing an additional 281,200 shares during the period. Korea Investment CORP owned about 0.06% of Palantir Technologies worth $108,358,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in PLTR. Mather Group LLC. boosted its holdings in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after acquiring an additional 448 shares during the period. Diversify Wealth Management LLC purchased a new stake in Palantir Technologies during the fourth quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $3,233,000. Coldstream Capital Management Inc. purchased a new position in shares of Palantir Technologies during the third quarter worth about $639,000. Finally, Kieckhefer Group LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $11,769,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Baird R W raised Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. William Blair set a $84.00 target price on shares of Palantir Technologies in a report on Wednesday, March 5th. Mizuho increased their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Finally, Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $74.45.
Read Our Latest Analysis on Palantir Technologies
Palantir Technologies Stock Down 4.7 %
PLTR stock traded down $4.24 during trading hours on Friday, hitting $85.85. The company's stock had a trading volume of 90,823,164 shares, compared to its average volume of 67,978,339. The stock has a 50 day moving average price of $91.98 and a two-hundred day moving average price of $69.28. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a market capitalization of $201.35 billion, a PE ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.
Insiders Place Their Bets
In related news, insider Heather A. Planishek sold 13,891 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company's stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock valued at $281,528,938 over the last three months. 12.93% of the stock is currently owned by insiders.
About Palantir Technologies
(
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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