Palantir Technologies Inc. (NASDAQ:PLTR) Position Raised by Korea Investment CORP

Korea Investment CORP lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 24.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,432,742 shares of the company’s stock after acquiring an additional 281,200 shares during the period. Korea Investment CORP owned 0.06% of Palantir Technologies worth $108,358,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PLTR. Larson Financial Group LLC increased its stake in shares of Palantir Technologies by 70.3% in the third quarter. Larson Financial Group LLC now owns 10,756 shares of the company’s stock valued at $400,000 after purchasing an additional 4,441 shares during the period. Independent Advisor Alliance grew its position in Palantir Technologies by 9.9% in the 3rd quarter. Independent Advisor Alliance now owns 29,642 shares of the company’s stock valued at $1,103,000 after buying an additional 2,662 shares in the last quarter. DRW Securities LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter worth about $213,000. Private Trust Co. NA raised its position in shares of Palantir Technologies by 14.2% during the 3rd quarter. Private Trust Co. NA now owns 5,903 shares of the company’s stock worth $220,000 after buying an additional 736 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Palantir Technologies by 991.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,238,026 shares of the company’s stock worth $46,055,000 after acquiring an additional 1,124,595 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PLTR shares. Wedbush reissued an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a report on Monday, March 3rd. Northland Securities raised their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. UBS Group upped their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Mizuho raised their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Citigroup boosted their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.45.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last three months. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 4.4 %

Palantir Technologies stock opened at $92.28 on Thursday. The company has a market capitalization of $216.43 billion, a P/E ratio of 485.71, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm’s fifty day simple moving average is $91.28 and its 200-day simple moving average is $68.54.

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.