Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by First National Trust Co

First National Trust Co raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,408 shares of the company’s stock after purchasing an additional 3,217 shares during the period. First National Trust Co’s holdings in Palantir Technologies were worth $1,468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atria Investments Inc increased its position in shares of Palantir Technologies by 7.5% during the third quarter. Atria Investments Inc now owns 55,014 shares of the company’s stock worth $2,047,000 after purchasing an additional 3,835 shares in the last quarter. Apollon Wealth Management LLC increased its position in Palantir Technologies by 7.8% during the third quarter. Apollon Wealth Management LLC now owns 26,119 shares of the company’s stock worth $972,000 after buying an additional 1,901 shares during the period. Aptus Capital Advisors LLC increased its position in Palantir Technologies by 3.5% during the third quarter. Aptus Capital Advisors LLC now owns 13,392 shares of the company’s stock worth $498,000 after buying an additional 456 shares during the period. Victory Capital Management Inc. lifted its stake in Palantir Technologies by 3.4% in the third quarter. Victory Capital Management Inc. now owns 682,748 shares of the company’s stock valued at $25,398,000 after buying an additional 22,672 shares during the last quarter. Finally, Empower Advisory Group LLC grew its position in shares of Palantir Technologies by 30.6% during the third quarter. Empower Advisory Group LLC now owns 11,285 shares of the company’s stock worth $420,000 after acquiring an additional 2,644 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 8.3 %

Shares of PLTR opened at $86.24 on Friday. The firm’s 50-day moving average is $87.83 and its two-hundred day moving average is $64.98. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The firm has a market capitalization of $202.26 billion, a P/E ratio of 453.92, a PEG ratio of 10.84 and a beta of 2.81.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLTR. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. DA Davidson raised their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Finally, Mizuho boosted their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $74.45.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,069,785 shares of company stock valued at $254,537,238 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

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.