United Capital Financial Advisors LLC Purchases 9,449 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

United Capital Financial Advisors LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,501 shares of the company’s stock after acquiring an additional 9,449 shares during the period. United Capital Financial Advisors LLC’s holdings in Palantir Technologies were worth $2,685,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. M&T Bank Corp grew its stake in Palantir Technologies by 37.0% during the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company’s stock worth $6,326,000 after buying an additional 45,965 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Palantir Technologies during the third quarter valued at about $347,000. Wilmington Savings Fund Society FSB raised its position in shares of Palantir Technologies by 48.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company’s stock valued at $652,000 after purchasing an additional 5,747 shares during the last quarter. Synovus Financial Corp boosted its stake in Palantir Technologies by 85.9% in the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company’s stock worth $666,000 after purchasing an additional 8,270 shares in the last quarter. Finally, Tri Ri Asset Management Corp purchased a new stake in Palantir Technologies during the 3rd quarter worth approximately $23,403,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $93.78 on Friday. The stock has a market capitalization of $219.95 billion, a PE ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The company has a fifty day moving average of $91.56 and a two-hundred day moving average of $74.35.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLTR shares. Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Bank of America increased their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a report on Monday, March 3rd. Finally, Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $74.71.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 6,776 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now directly owns 184,617 shares of the company’s stock, valued at approximately $15,993,370.71. This trade represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 in the last 90 days. Insiders own 12.93% of the company’s stock.

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.