AlTi Global Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 27,737 shares of the company's stock, valued at approximately $2,097,000.
Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC raised its stake in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $31,000. 45.65% of the stock is currently owned by institutional investors.
Palantir Technologies Stock Down 0.4 %
Shares of NASDAQ PLTR traded down $0.51 during trading on Monday, hitting $123.77. The company had a trading volume of 131,708,548 shares, compared to its average volume of 75,692,512. The stock has a fifty day simple moving average of $91.86 and a two-hundred day simple moving average of $80.55. The firm has a market capitalization of $290.28 billion, a price-to-earnings ratio of 651.46, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $129.86.
Analyst Ratings Changes
A number of research firms recently commented on PLTR. Royal Bank of Canada reiterated an "underperform" rating and issued a $40.00 target price on shares of Palantir Technologies in a research note on Tuesday, April 29th. Daiwa Capital Markets began coverage on Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price on the stock. Mizuho raised 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. Jefferies Financial Group increased their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, DA Davidson reduced their price objective on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $74.71.
Read Our Latest Stock Report on PLTR
Insider Transactions at Palantir Technologies
In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at $48,988. The trade was a 99.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at approximately $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 2,989,975 shares of company stock valued at $253,328,090 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.
About Palantir Technologies
(
Free Report)
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.
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