6,907 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,907 shares of the company's stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. SPC Financial Inc. bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $211,000. M&T Bank Corp raised its stake in Palantir Technologies by 18.4% in the 4th quarter. M&T Bank Corp now owns 201,305 shares of the company's stock valued at $15,225,000 after acquiring an additional 31,262 shares during the period. Atria Investments Inc boosted its position in Palantir Technologies by 16.3% during the fourth quarter. Atria Investments Inc now owns 63,954 shares of the company's stock worth $4,837,000 after purchasing an additional 8,940 shares during the period. Assetmark Inc. increased its holdings in shares of Palantir Technologies by 46.3% in the fourth quarter. Assetmark Inc. now owns 1,191 shares of the company's stock valued at $90,000 after purchasing an additional 377 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Palantir Technologies by 149.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,705,410 shares of the company's stock valued at $128,980,000 after purchasing an additional 1,022,662 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 2.4 %

PLTR traded down $2.19 during midday trading on Thursday, hitting $90.09. 82,477,942 shares of the company were exchanged, compared to its average volume of 66,663,004. The firm's 50 day moving average price is $91.28 and its 200-day moving average price is $68.54. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm has a market capitalization of $211.29 billion, a P/E ratio of 474.18, a P/E/G ratio of 10.84 and a beta of 2.81.

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Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Robert W. Baird upped their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Loop Capital dropped their price objective on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Finally, Mizuho upped their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $74.45.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the completion of the sale, the insider now owns 170,273 shares of the company's stock, valued at $12,681,933.04. This represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,379,785 shares of company stock worth $281,528,938. Company insiders own 12.93% of the company's stock.

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.