HighPoint Advisor Group LLC Raises Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

HighPoint Advisor Group LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,205 shares of the company’s stock after buying an additional 7,962 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Palantir Technologies were worth $5,310,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Franklin Resources Inc. raised its position in Palantir Technologies by 402.9% during the fourth quarter. Franklin Resources Inc. now owns 863,257 shares of the company’s stock worth $65,288,000 after acquiring an additional 691,604 shares during the period. B. Metzler seel. Sohn & Co. AG increased its stake in shares of Palantir Technologies by 23.6% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 63,750 shares of the company’s stock worth $4,821,000 after purchasing an additional 12,153 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Palantir Technologies by 63.2% during the fourth quarter. Meeder Asset Management Inc. now owns 71,988 shares of the company’s stock worth $5,444,000 after purchasing an additional 27,889 shares in the last quarter. AIA Group Ltd acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $2,777,000. Finally, Wellington Management Group LLP lifted its stake in Palantir Technologies by 504.0% in the 4th quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock valued at $354,117,000 after buying an additional 3,907,022 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 4.7 %

NASDAQ PLTR opened at $85.85 on Monday. The stock has a fifty day simple moving average of $91.98 and a 200-day simple moving average of $69.53. The stock has a market cap 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 twelve month low of $20.33 and a twelve month high of $125.41.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now directly owns 88,129 shares of the company’s stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock valued at $281,528,938 over the last 90 days. 12.93% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of several research reports. Citigroup boosted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Mizuho increased their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. DA Davidson increased their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Northland Securities boosted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $74.45.

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.