Tower Research Capital LLC TRC Buys 137,165 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Tower Research Capital LLC TRC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 157.3% in the 4th quarter, HoldingsChannel reports. The fund owned 224,358 shares of the company’s stock after purchasing an additional 137,165 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Palantir Technologies were worth $16,968,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 448 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $876,000. Destiny Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $3,233,000. Kieckhefer Group LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at about $11,769,000. Finally, Grange Capital LLC bought a new position in Palantir Technologies during the fourth quarter worth about $5,829,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the insider now owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last quarter. 12.93% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. DA Davidson reduced their price target on Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Robert W. Baird raised their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Mizuho upped their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective on the stock. Finally, Loop Capital reaffirmed a “buy” rating on shares of Palantir Technologies in a report on Friday, April 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $74.71.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $93.78 on Friday. Palantir Technologies Inc. has a one year low of $20.36 and a one year high of $125.41. The business’s 50 day simple moving average is $91.18 and its 200 day simple moving average is $75.01. The stock has a market capitalization of $219.95 billion, a PE ratio of 493.60, a PEG ratio of 10.84 and a beta of 2.74.

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.