Van ECK Associates Corp Has $203.28 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Van ECK Associates Corp increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% in the fourth quarter, HoldingsChannel reports. The firm owned 2,687,863 shares of the company’s stock after acquiring an additional 18,022 shares during the period. Van ECK Associates Corp’s holdings in Palantir Technologies were worth $203,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in Palantir Technologies by 46.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock valued at $82,000 after buying an additional 700 shares during the period. ORG Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at about $65,000. Sapient Capital LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth approximately $206,000. Magnus Financial Group LLC boosted its holdings in shares of Palantir Technologies by 3.6% during the third quarter. Magnus Financial Group LLC now owns 27,066 shares of the company’s stock worth $1,007,000 after purchasing an additional 941 shares during the period. Finally, Cascade Investment Group Inc. acquired a new stake in shares of Palantir Technologies during the third quarter worth approximately $257,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wedbush increased their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Jefferies Financial Group increased 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. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, Citigroup increased their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $69.44.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $117.39 on Thursday. The stock has a market capitalization of $267.42 billion, a PE ratio of 617.87, a P/E/G ratio of 11.44 and a beta of 2.81. The stock has a 50-day simple moving average of $79.17 and a 200 day simple moving average of $54.84. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $118.66.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.10, for a total transaction of $283,950,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $405,875,479.80. The trade was a 41.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the sale, the director now owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,833,085 shares of company stock worth $924,999,929 over the last three months. 12.93% of the stock is currently owned by insiders.

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.