Private Trust Co. NA Acquires 10,372 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Private Trust Co. NA increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 175.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,275 shares of the company’s stock after purchasing an additional 10,372 shares during the quarter. Private Trust Co. NA’s holdings in Palantir Technologies were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PLTR. Assenagon Asset Management S.A. lifted its holdings in Palantir Technologies by 80.2% in the third quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after buying an additional 16,469 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Palantir Technologies in the third quarter worth about $199,000. abrdn plc lifted its holdings in Palantir Technologies by 124.0% in the third quarter. abrdn plc now owns 611,142 shares of the company’s stock worth $22,646,000 after buying an additional 338,260 shares during the period. Strategic Blueprint LLC purchased a new stake in Palantir Technologies in the third quarter worth about $322,000. Finally, Valmark Advisers Inc. purchased a new stake in Palantir Technologies in the third quarter worth about $249,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLTR. 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. Loop Capital began coverage on shares of Palantir Technologies in a report on Thursday, February 20th. They set a “buy” rating and a $141.00 target price for the company. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, Robert W. Baird lifted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six equities research 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 MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.21.

Insiders Place Their Bets

In other 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the transaction, the insider now directly owns 702,786 shares of the company’s stock, valued at $64,958,509.98. This represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,689,783 shares of company stock valued at $475,417,043. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 0.1 %

NASDAQ:PLTR opened at $84.86 on Friday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a market cap of $193.31 billion, a PE ratio of 446.64, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The company has a 50 day simple moving average of $87.09 and a two-hundred day simple moving average of $61.43.

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.