Banque Transatlantique SA Takes $4.85 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Banque Transatlantique SA acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 64,124 shares of the company's stock, valued at approximately $4,850,000.

Several other institutional investors and hedge funds also recently modified their holdings of PLTR. Roxbury Financial LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC increased its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in Palantir Technologies during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR traded down $0.51 during midday trading on Monday, hitting $123.77. 131,708,548 shares of the stock traded hands, compared to its average volume of 75,692,505. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41. The business's 50 day moving average price is $91.86 and its two-hundred day moving average price is $80.55. The firm has a market capitalization of $290.28 billion, a PE ratio of 651.46, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the sale, the director now directly owns 88,129 shares of the company's stock, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company'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 transaction of $103,437,500.00. Following the completion of the sale, 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 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 company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTR. Northland Securities raised their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective on the stock. Morgan Stanley reduced their target price on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock 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 analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average target price of $74.71.

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.