Skandinaviska Enskilda Banken AB publ Invests $386,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Skandinaviska Enskilda Banken AB publ acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company's stock, valued at approximately $386,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Mather Group LLC. grew its holdings in Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company's stock worth $67,000 after acquiring an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock worth $460,798,000 after buying an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Finally, Coldstream Capital Management Inc. purchased a new stake in Palantir Technologies in the third quarter worth $639,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley upgraded Palantir Technologies from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. 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 report on Tuesday, February 4th. Robert W. Baird raised their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" 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, William Blair set a $84.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $74.45.

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Palantir Technologies Price Performance

Shares of PLTR stock traded up $3.57 on Friday, hitting $90.96. 115,934,759 shares of the stock traded hands, compared to its average volume of 65,808,041. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The firm has a 50 day simple moving average of $89.08 and a two-hundred day simple moving average of $66.51. The firm has a market cap of $213.33 billion, a price-to-earnings ratio of 478.76, a PEG ratio of 10.84 and a beta of 2.81.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company's stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Company insiders own 12.93% of the company's stock.

Palantir Technologies 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.