Capital International Sarl Purchases New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Capital International Sarl purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 109,655 shares of the company’s stock, valued at approximately $8,293,000.

Several other institutional investors also recently bought and sold shares of PLTR. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the fourth quarter valued at $28,000. Wolff Wiese Magana LLC grew its position 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 raised its position in shares of 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 purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies in the 4th quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $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 this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock valued at $253,328,090 over the last 90 days. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Up 1.2 %

NASDAQ PLTR opened at $93.78 on Friday. The stock has a fifty day simple moving average of $91.56 and a 200-day simple moving average of $74.35. The stock has a market cap of $219.95 billion, a PE ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. 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. Jefferies Financial Group lifted their target price 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. Morgan Stanley reduced their target price on shares of Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target 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.