Blair William & Co. IL Has $5.40 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Blair William & Co. IL grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 71,429 shares of the company’s stock after buying an additional 9,255 shares during the quarter. Blair William & Co. IL’s holdings in Palantir Technologies were worth $5,402,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Heritage Wealth Management Inc. CA increased its position in Palantir Technologies by 0.4% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after acquiring an additional 111 shares in the last quarter. Westover Capital Advisors LLC grew its stake in shares of Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after purchasing an additional 130 shares during the last quarter. Tritonpoint Wealth LLC increased its holdings in shares of Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after purchasing an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC raised its position in Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in Palantir Technologies by 1.2% during the 4th 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. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $85.85 on Monday. The company’s 50-day moving average is $91.98 and its 200-day moving average is $69.53. The firm has a market capitalization of $201.35 billion, a PE ratio of 451.87, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Cantor Fitzgerald upped their target price 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. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research note on Monday, March 3rd. Mizuho boosted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, DA Davidson increased 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. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.45.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $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. In the last three months, insiders sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is owned by company insiders.

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.