United Services Automobile Association Has $3.53 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

United Services Automobile Association lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 63.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,619 shares of the company's stock after purchasing an additional 18,161 shares during the quarter. United Services Automobile Association's holdings in Palantir Technologies were worth $3,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Palantir Technologies by 96.4% in the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after purchasing an additional 40,498,024 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock valued at $1,777,568,000 after buying an additional 16,598,253 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Palantir Technologies by 943.2% during the third quarter. Lord Abbett & CO. LLC now owns 3,300,766 shares of the company's stock valued at $122,788,000 after buying an additional 2,984,348 shares during the period. Amundi lifted its stake in Palantir Technologies by 62.7% in the 4th quarter. Amundi now owns 6,804,915 shares of the company's stock worth $514,656,000 after acquiring an additional 2,623,524 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Palantir Technologies by 226.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company's stock worth $105,636,000 after acquiring an additional 1,969,213 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

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Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $2.19 during trading on Thursday, reaching $90.09. The company's stock had a trading volume of 82,518,616 shares, compared to its average volume of 66,776,462. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market cap of $211.29 billion, a price-to-earnings ratio of 474.18, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The business's fifty day moving average price is $91.70 and its 200-day moving average price is $68.69.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Northland Securities increased their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. Royal Bank of Canada increased their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Mizuho increased their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Five 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $74.45.

Insiders Place Their Bets

In other Palantir Technologies news, 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 value of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the company's stock in a transaction dated 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 transaction, the insider now directly 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. Insiders have sold a total of 3,379,785 shares of company stock valued at $281,528,938 in the last three months. 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.