Federated Hermes Inc. Boosts Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Federated Hermes Inc. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 24.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,679,035 shares of the company’s stock after acquiring an additional 524,438 shares during the period. Federated Hermes Inc.’s holdings in Palantir Technologies were worth $202,994,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PLTR. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its position in Palantir Technologies by 230.4% during 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 lifted its stake in shares of Palantir Technologies by 73.5% in 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 during the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth approximately $31,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Daiwa America upgraded Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. 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. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price objective on the stock. Finally, Bank of America boosted 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. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $75.19.

Insider Activity at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies 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 directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,993,175 shares of company stock valued at $253,549,610 over the last ninety days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $74.01 on Friday. The firm has a 50-day simple moving average of $92.67 and a 200-day simple moving average of $70.93. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market cap of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74.

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.