Commonwealth Equity Services LLC Has $120.80 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Commonwealth Equity Services LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,597,201 shares of the company's stock after purchasing an additional 143,626 shares during the period. Commonwealth Equity Services LLC owned 0.07% of Palantir Technologies worth $120,796,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its holdings in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC bought a new position in Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC boosted its holdings in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

PLTR traded down $4.03 during trading on Thursday, hitting $79.62. The stock had a trading volume of 100,383,155 shares, compared to its average volume of 64,561,590. The company has a 50 day moving average price of $87.71 and a 200-day moving average price of $64.59. The firm has a market cap of $186.74 billion, a price-to-earnings ratio of 419.07, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41.

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Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was 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 of the company's stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 416,053 shares of Palantir Technologies stock in a transaction on Friday, December 13th. The shares were sold at an average price of $74.17, for a total value of $30,858,651.01. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $43,908.64. This represents a 99.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 985,838 shares of company stock worth $75,333,389 in the last ninety days. 12.93% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PLTR. Cantor Fitzgerald raised their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Northland Securities raised their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Finally, UBS Group raised their price target 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 research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $74.45.

About Palantir Technologies

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.