National Pension Service Buys 1,943,411 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

National Pension Service grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 64.8% in the 4th quarter, Holdings Channel reports. The firm owned 4,943,328 shares of the company’s stock after acquiring an additional 1,943,411 shares during the quarter. National Pension Service’s holdings in Palantir Technologies were worth $373,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kellett Wealth Advisors LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $227,000. Advisor OS LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $427,000. Denali Advisors LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth approximately $2,158,000. Lake Street Advisors Group LLC grew its position in shares of Palantir Technologies by 29.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 33,549 shares of the company’s stock worth $2,537,000 after buying an additional 7,618 shares during the period. Finally, JFG Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at $379,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, 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 value of $36,047,351.76. Following the completion of the sale, the insider now directly owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $66.59, for a total value of $1,997,700.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at $50,128,019.74. This represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,719,783 shares of company stock valued at $477,414,743. 12.93% of the stock is owned by insiders.

Analysts Set New Price Targets

PLTR has been the subject of several research analyst reports. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Bank of America boosted their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. UBS Group increased their price target on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. DA Davidson boosted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Mizuho increased their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.21.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $87.84 on Wednesday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market capitalization of $200.10 billion, a PE ratio of 462.34, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The business has a fifty day moving average price of $86.44 and a two-hundred day moving average price of $60.68.

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.