Global Retirement Partners LLC Has $4.76 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Global Retirement Partners LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 80.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,970 shares of the company's stock after buying an additional 28,166 shares during the quarter. Global Retirement Partners LLC's holdings in Palantir Technologies were worth $4,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. State Street Corp boosted its holdings in Palantir Technologies by 96.4% in the third quarter. State Street Corp now owns 82,512,440 shares of the company's stock valued at $3,069,463,000 after acquiring an additional 40,498,024 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Palantir Technologies by 52.9% in the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock valued at $1,777,568,000 after buying an additional 16,598,253 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Palantir Technologies by 5.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,982,925 shares of the company's stock valued at $557,365,000 after acquiring an additional 808,444 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 worth $464,192,000 after acquiring an additional 1,004,603 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock valued at $460,798,000 after acquiring an additional 4,667,955 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were 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 of the company's stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the completion of the transaction, the insider now directly owns 752,786 shares of the company's stock, valued at approximately $50,128,019.74. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,680,992 shares of company stock valued at $473,395,877 in the last quarter. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. William Blair restated an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Jefferies Financial Group raised their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Wedbush upped their price target on Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Morgan Stanley raised shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. Finally, Citigroup boosted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus price target of $73.21.

Palantir Technologies Stock Down 4.2 %

Shares of NASDAQ:PLTR traded down $4.52 during mid-day trading on Friday, reaching $101.75. 108,537,431 shares of the stock were exchanged, compared to its average volume of 90,210,734. The stock's 50 day simple moving average is $85.36 and its 200-day simple moving average is $58.84. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company has a market cap of $231.80 billion, a P/E ratio of 536.35, a P/E/G ratio of 11.52 and a beta of 2.81.

Palantir Technologies Company 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.