United Capital Financial Advisors LLC Raises Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

United Capital Financial Advisors LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,501 shares of the company's stock after acquiring an additional 9,449 shares during the quarter. United Capital Financial Advisors LLC's holdings in Palantir Technologies were worth $2,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. M&T Bank Corp raised its position in shares of Palantir Technologies by 37.0% in the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company's stock worth $6,326,000 after acquiring an additional 45,965 shares in the last quarter. World Investment Advisors LLC bought a new position in Palantir Technologies in the third quarter worth $347,000. Wilmington Savings Fund Society FSB lifted its position 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 valued at $652,000 after buying an additional 5,747 shares during the period. Synovus Financial Corp boosted its holdings in shares of Palantir Technologies by 85.9% during the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company's stock valued at $666,000 after buying an additional 8,270 shares in the last quarter. Finally, Tri Ri Asset Management Corp purchased a new stake in shares of Palantir Technologies in the 3rd quarter worth about $23,403,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PLTR shares. UBS Group lifted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Bank of America boosted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $74.71.

Palantir Technologies Price Performance

Palantir Technologies stock traded up $1.07 during mid-day trading on Friday, reaching $93.78. 83,698,348 shares of the stock traded hands, compared to its average volume of 72,859,837. Palantir Technologies Inc. has a 12-month low of $20.36 and a 12-month high of $125.41. The business's 50-day moving average is $91.18 and its 200-day moving average is $75.01. The stock has a market capitalization of $219.95 billion, a PE ratio of 493.60, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the sale, the insider now owns 702,786 shares of the company's stock, valued at $64,958,509.98. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 in the last three months. 12.93% of the stock is currently owned by company insiders.

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.