Ieq Capital LLC Purchases 7,591 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Ieq Capital LLC boosted its position in shares of Palantir Technologies Inc. (NYSE:PLTRFree Report) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,043 shares of the company’s stock after purchasing an additional 7,591 shares during the period. Ieq Capital LLC’s holdings in Palantir Technologies were worth $1,958,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its holdings in shares of Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. Pacifica Partners Inc. bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $27,000. GAMMA Investing LLC bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $33,000. Provence Wealth Management Group bought a new position in shares of Palantir Technologies in the 3rd quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in shares of Palantir Technologies in the 3rd quarter valued at about $35,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Tuesday, May 7th. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and raised their target price for the company from $13.00 to $22.00 in a research note on Tuesday, February 6th. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. Bank of America raised their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Raymond James raised their target price on shares of Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.65.

Read Our Latest Research Report on PLTR

Palantir Technologies Stock Performance

NYSE PLTR opened at $20.94 on Tuesday. The firm’s fifty day moving average price is $23.05 and its two-hundred day moving average price is $20.49. The stock has a market cap of $46.32 billion, a PE ratio of 174.47, a PEG ratio of 4.71 and a beta of 2.76. Palantir Technologies Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $27.50.

Insiders Place Their Bets

In other Palantir Technologies news, Director Peter Thiel sold 5,000,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the sale, the director now owns 15,733,625 shares of the company’s stock, valued at $326,944,727.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $23.57, for a total transaction of $1,178,500.00. Following the transaction, the insider now owns 752,786 shares in the company, valued at $17,743,166.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter Thiel sold 5,000,000 shares of Palantir Technologies stock in a transaction on Friday, May 10th. The stock was sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the transaction, the director now owns 15,733,625 shares in the company, valued at approximately $326,944,727.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,457,938 shares of company stock valued at $415,665,719. 13.96% of the stock is currently owned by insiders.

About Palantir Technologies

(Free Report)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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