Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 356,878 shares of the company’s stock after acquiring an additional 23,549 shares during the period. Sei Investments Co.’s holdings in Palantir Technologies were worth $26,991,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Westover Capital Advisors LLC increased its stake in Palantir Technologies by 1.8% in 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 grew its holdings in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after buying an additional 132 shares during the period. Twin Peaks Wealth Advisors LLC increased its stake in shares of Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after acquiring an additional 139 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of 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 acquiring an additional 142 shares during the period. Finally, RKL Wealth Management LLC boosted its position in shares of Palantir Technologies by 2.7% in the fourth quarter. RKL Wealth Management LLC now owns 5,689 shares of the company’s stock worth $430,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $96.51 on Wednesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The business has a 50-day moving average of $90.80 and a 200-day moving average of $68.37. The company has a market capitalization of $226.35 billion, a PE ratio of 507.97, a P/E/G ratio of 10.84 and a beta of 2.81.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTR. UBS Group upped their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Citigroup lifted their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Loop Capital lowered their price target on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.45.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 483,987 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the transaction, the insider now directly owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock worth $281,528,938 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

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.