Baird Financial Group Inc. Has $38.82 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Baird Financial Group Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 513,305 shares of the company's stock after purchasing an additional 20,600 shares during the quarter. Baird Financial Group Inc.'s holdings in Palantir Technologies were worth $38,821,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Roxbury Financial LLC acquired a new position in Palantir Technologies in the 4th quarter worth $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC grew its stake 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 purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC grew 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 valued at $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares of the company's stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,978,181 shares of company stock worth $252,115,667. Company insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PLTR shares. Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. UBS Group upped their target price on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday. Loop Capital boosted their price objective on Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective on the stock. Finally, Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.95.

Palantir Technologies Trading Up 8.0 %

PLTR traded up $8.84 during trading hours on Thursday, hitting $119.32. The company's stock had a trading volume of 126,591,388 shares, compared to its average volume of 75,769,561. The company has a 50-day simple moving average of $92.85 and a 200 day simple moving average of $80.95. The firm has a market capitalization of $279.85 billion, a PE ratio of 628.04, a PEG 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 $125.41.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. Research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.