Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Increased by Northern Trust Corp

Northern Trust Corp boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 20.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,488,465 shares of the company’s stock after buying an additional 3,299,779 shares during the quarter. Northern Trust Corp’s holdings in Palantir Technologies were worth $1,473,913,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Heritage Wealth Management Inc. CA raised its stake in shares of Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after purchasing an additional 111 shares in the last quarter. Westover Capital Advisors LLC raised its position in Palantir Technologies by 1.8% in the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock worth $554,000 after acquiring an additional 130 shares in the last quarter. Tritonpoint Wealth LLC raised its position in Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock worth $537,000 after acquiring an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC increased its stake 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 in the last quarter. Finally, Truvestments Capital LLC increased its stake in Palantir Technologies by 1.2% in the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after purchasing an additional 142 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54 % decrease in their position. The transaction 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, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock valued at $253,328,090 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Wedbush reiterated an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. DA Davidson reduced their price target on shares of Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective for the company. Finally, Robert W. Baird lifted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $74.71.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $112.78 on Monday. The company has a market capitalization of $264.51 billion, a P/E ratio of 593.61, a P/E/G ratio of 10.84 and a beta of 2.74. The company has a fifty day moving average of $89.34 and a 200 day moving average of $77.35. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $125.41.

Palantir Technologies 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.