Xponance Inc. Boosts Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Xponance Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 461,920 shares of the company's stock after purchasing an additional 14,450 shares during the quarter. Xponance Inc.'s holdings in Palantir Technologies were worth $34,935,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Westover Capital Advisors LLC increased its position in Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock worth $554,000 after purchasing an additional 130 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in shares of Palantir Technologies by 1.9% during the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after buying an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC lifted its stake in shares of Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after acquiring an additional 139 shares during the last quarter. Truvestments Capital LLC boosted its holdings in shares of Palantir Technologies by 1.2% during the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company's stock valued at $931,000 after acquiring an additional 142 shares in the last quarter. Finally, RKL Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 2.7% during the 4th quarter. RKL Wealth Management LLC now owns 5,689 shares of the company's stock valued at $430,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

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Palantir Technologies Trading Up 4.1 %

Shares of NASDAQ PLTR traded up $3.57 during mid-day trading on Friday, hitting $90.96. The company had a trading volume of 116,457,235 shares, compared to its average volume of 65,809,351. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market capitalization of $213.33 billion, a price-to-earnings ratio of 478.76, a P/E/G ratio of 10.84 and a beta of 2.81. The stock's 50-day moving average price is $89.08 and its 200-day moving average price is $66.51.

Wall Street Analyst Weigh In

Several research firms have commented on PLTR. Bank of America increased their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Morgan Stanley raised shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. DA Davidson raised their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $74.45.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company's stock, valued at approximately $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. Insiders sold a total of 3,379,785 shares of company stock worth $281,528,938 in the last quarter. 12.93% of the stock is owned by company insiders.

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.