Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 867,967 shares of the company's stock after selling 80,503 shares during the period. Stifel Financial Corp's holdings in Palantir Technologies were worth $65,644,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. World Investment Advisors LLC purchased a new stake in Palantir Technologies during the third quarter valued at $347,000. Wilmington Savings Fund Society FSB increased its stake in Palantir Technologies by 48.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company's stock worth $652,000 after acquiring an additional 5,747 shares during the last quarter. Synovus Financial Corp lifted its stake in shares of Palantir Technologies by 85.9% in the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company's stock valued at $666,000 after purchasing an additional 8,270 shares during the last quarter. Tri Ri Asset Management Corp purchased a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $23,403,000. Finally, Franklin Resources Inc. raised its holdings in Palantir Technologies by 102.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,653 shares of the company's stock valued at $6,385,000 after buying an additional 86,793 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Up 4.6 %

Shares of Palantir Technologies stock traded up $5.00 on Friday, reaching $112.78. 103,457,514 shares of the stock were exchanged, compared to its average volume of 73,842,211. Palantir Technologies Inc. has a twelve month low of $20.50 and a twelve month high of $125.41. The firm has a market capitalization of $264.51 billion, a price-to-earnings ratio of 593.61, a PEG ratio of 10.84 and a beta of 2.74. The business has a 50 day moving average price of $89.58 and a two-hundred day moving average price of $76.39.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Mizuho increased their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. UBS Group lifted their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Wedbush reaffirmed an "outperform" rating and set a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Finally, Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $74.71.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last 90 days. Insiders own 12.93% of the company's stock.

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.