Prudential Financial Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,707,831 shares of the company's stock after purchasing an additional 521,420 shares during the quarter. Prudential Financial Inc. owned about 0.07% of Palantir Technologies worth $129,163,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Prestige Wealth Management Group LLC grew its stake in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC increased its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after buying an additional 265 shares during the period. Finally, HighMark Wealth Management LLC raised its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.
Palantir Technologies Price Performance
NASDAQ PLTR traded down $2.19 on Thursday, hitting $90.09. 82,518,616 shares of the stock were exchanged, compared to its average volume of 66,776,462. The company's 50-day moving average price is $91.70 and its two-hundred day moving average price is $68.69. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The company has a market capitalization of $211.29 billion, a price-to-earnings ratio of 474.18, a P/E/G ratio of 10.84 and a beta of 2.81.
Insider Transactions at Palantir Technologies
In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction 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 sale, the director now directly 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. Insiders sold a total of 3,379,785 shares of company stock valued at $281,528,938 over the last quarter. Company insiders own 12.93% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. UBS Group lifted their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. Citigroup raised their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Baird R W raised Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $74.45.
Check Out Our Latest Report on Palantir Technologies
Palantir Technologies Profile
(
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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