Leavell Investment Management Inc. Has $4.40 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Leavell Investment Management Inc. increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,162 shares of the company’s stock after purchasing an additional 5,968 shares during the period. Leavell Investment Management Inc.’s holdings in Palantir Technologies were worth $4,399,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PLTR. State Street Corp boosted its holdings in shares of Palantir Technologies by 96.4% during the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company’s stock worth $3,069,463,000 after buying an additional 40,498,024 shares during the period. Geode Capital Management LLC lifted its position in Palantir Technologies by 52.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock worth $1,777,568,000 after acquiring an additional 16,598,253 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Palantir Technologies by 5.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,982,925 shares of the company’s stock valued at $557,365,000 after acquiring an additional 808,444 shares during the period. FMR LLC grew its position in shares of Palantir Technologies by 8.8% in the third quarter. FMR LLC now owns 12,478,281 shares of the company’s stock valued at $464,192,000 after purchasing an additional 1,004,603 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Palantir Technologies by 60.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction on Friday, November 29th. The stock was sold at an average price of $66.59, for a total value of $1,997,700.00. Following the completion of the transaction, the insider now owns 752,786 shares in the company, valued at approximately $50,128,019.74. The trade was a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 1,007,496 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $63.96, for a total value of $64,439,444.16. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $411,407,221.68. The trade was a 13.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,833,085 shares of company stock worth $924,999,929 over the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 3.5 %

Shares of PLTR opened at $112.62 on Wednesday. The stock has a market cap of $256.55 billion, a PE ratio of 592.77, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $118.66. The stock has a 50 day simple moving average of $78.34 and a 200-day simple moving average of $54.24.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. UBS Group increased their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Bank of America raised their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.44.

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.