Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 70.0% in the fourth quarter, HoldingsChannel reports. The fund owned 2,891 shares of the company’s stock after selling 6,745 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Palantir Technologies were worth $219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in Palantir Technologies by 96.4% during the third quarter. State Street Corp now owns 82,512,440 shares of the company’s stock worth $3,069,463,000 after purchasing an additional 40,498,024 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 52.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock worth $1,777,568,000 after buying an additional 16,598,253 shares in the last quarter. Norges Bank bought a new stake in shares of Palantir Technologies in the 4th quarter worth $1,360,191,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Palantir Technologies by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company’s stock valued at $986,431,000 after buying an additional 655,815 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Palantir Technologies by 10.9% during the fourth quarter. Bank of New York Mellon Corp now owns 12,843,672 shares of the company’s stock valued at $971,367,000 after buying an additional 1,262,479 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 3.3 %

Shares of NASDAQ:PLTR opened at $87.45 on Thursday. The firm has a fifty day moving average of $92.68 and a two-hundred day moving average of $70.34. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm has a market capitalization of $205.10 billion, a P/E ratio of 460.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upped their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Wedbush reissued an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. Finally, Morgan Stanley raised 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. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $75.19.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were 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 approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on 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 directly owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,993,175 shares of company stock worth $253,549,610. Corporate insiders own 12.93% of the company’s stock.

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.