Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,749,400 shares of the company’s stock after selling 261,500 shares during the quarter. Swiss National Bank’s holdings in Palantir Technologies were worth $434,827,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in shares of Palantir Technologies by 37.5% during the fourth quarter. Rakuten Securities Inc. now owns 230,353 shares of the company’s stock valued at $17,422,000 after acquiring an additional 62,812 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in Palantir Technologies by 25.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 294,561 shares of the company’s stock valued at $22,278,000 after purchasing an additional 58,841 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $290,000. Truvestments Capital LLC grew its holdings in shares of Palantir Technologies by 1.2% during the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after buying an additional 142 shares in the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $3,745,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated 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 directly owns 62,139 shares in the company, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 416,053 shares of Palantir Technologies stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.17, for a total value of $30,858,651.01. Following the sale, the insider now directly owns 592 shares in the company, valued at approximately $43,908.64. The trade was a 99.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 985,838 shares of company stock worth $75,333,389. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $83.65 on Thursday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The business’s 50-day moving average is $87.62 and its two-hundred day moving average is $64.49. The firm has a market capitalization of $196.19 billion, a PE ratio of 440.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Analyst Ratings Changes

PLTR has been the topic of a number of analyst reports. Bank of America raised their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Loop Capital began coverage on Palantir Technologies in a report on Thursday, February 20th. They set a “buy” rating and a $141.00 price objective on the stock. Mizuho upped their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, DA Davidson upped their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $75.25.

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.