Plato Investment Management Ltd Has $4.19 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Plato Investment Management Ltd lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.2% in the 4th quarter, HoldingsChannel reports. The fund owned 55,146 shares of the company’s stock after selling 4,925 shares during the quarter. Plato Investment Management Ltd’s holdings in Palantir Technologies were worth $4,186,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. US Bancorp DE increased its holdings in shares of Palantir Technologies by 8.9% in the third quarter. US Bancorp DE now owns 210,853 shares of the company’s stock valued at $7,844,000 after purchasing an additional 17,284 shares in the last quarter. Focus Financial Network Inc. bought a new position in Palantir Technologies in the 3rd quarter valued at $268,000. Capital Advisors Inc. OK increased its stake in shares of Palantir Technologies by 15.9% in the 3rd quarter. Capital Advisors Inc. OK now owns 16,985 shares of the company’s stock valued at $632,000 after buying an additional 2,327 shares during the period. Farther Finance Advisors LLC raised its position in shares of Palantir Technologies by 13.4% during the third quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock worth $476,000 after acquiring an additional 1,514 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Palantir Technologies by 26.3% during the third quarter. Chicago Partners Investment Group LLC now owns 15,273 shares of the company’s stock worth $568,000 after acquiring an additional 3,185 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PLTR shares. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. DA Davidson boosted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Wedbush boosted their target price on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.21.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 18,537 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the sale, the insider now directly owns 493,469 shares in the company, valued at $50,491,748.08. This trade represents a 3.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the sale, the insider now directly owns 702,786 shares in the company, valued at $64,958,509.98. This represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,689,783 shares of company stock valued at $475,417,043. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $84.86 on Monday. 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 $193.31 billion, a P/E ratio of 446.64, a P/E/G ratio of 10.84 and a beta of 2.81. The stock’s 50-day moving average is $87.09 and its 200-day moving average is $61.86.

Palantir Technologies Company 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.