Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 513,305 shares of the company’s stock after purchasing an additional 20,600 shares during the period. Baird Financial Group Inc.’s holdings in Palantir Technologies were worth $38,821,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. World Investment Advisors LLC purchased a new position in Palantir Technologies in the third quarter worth approximately $347,000. Synovus Financial Corp grew its holdings in shares of Palantir Technologies by 85.9% during the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company’s stock worth $666,000 after purchasing an additional 8,270 shares during the period. Franklin Resources Inc. increased its position in shares of Palantir Technologies by 102.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,653 shares of the company’s stock worth $6,385,000 after purchasing an additional 86,793 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Palantir Technologies by 226.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company’s stock worth $105,636,000 after purchasing an additional 1,969,213 shares during the last quarter. Finally, Silverleafe Capital Partners LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at about $2,889,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $123.77 on Tuesday. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41. The company 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. The business has a 50-day moving average of $91.86 and a two-hundred day moving average of $80.55.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. Bank of America lifted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Mizuho lifted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Citigroup upped their price target on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Northland Securities boosted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.71.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction 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 $4,983,793.75. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares of the company’s stock, valued at $15,993,370.71. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,978,181 shares of company stock worth $252,115,667 over the last 90 days. 12.93% of the stock is owned by insiders.

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.