Orion Portfolio Solutions LLC Acquires 19,258 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Orion Portfolio Solutions LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 31.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 80,531 shares of the company’s stock after purchasing an additional 19,258 shares during the period. Orion Portfolio Solutions LLC’s holdings in Palantir Technologies were worth $6,091,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its position in Palantir Technologies by 13.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 709,512 shares of the company’s stock worth $53,660,000 after buying an additional 82,165 shares during the last quarter. Norges Bank purchased a new stake in Palantir Technologies in the 4th quarter worth about $1,360,191,000. Blair William & Co. IL increased its holdings in Palantir Technologies by 14.9% in the 4th quarter. Blair William & Co. IL now owns 71,429 shares of the company’s stock worth $5,402,000 after acquiring an additional 9,255 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Palantir Technologies by 59.4% in the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 59,981 shares of the company’s stock valued at $4,536,000 after acquiring an additional 22,350 shares during the period. Finally, Rockbridge Investment Management LCC lifted its holdings in Palantir Technologies by 2.6% during the fourth quarter. Rockbridge Investment Management LCC now owns 8,568 shares of the company’s stock valued at $648,000 after purchasing an additional 214 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $85.85 on Friday. The company’s fifty day moving average price is $91.98 and its 200-day moving average price is $69.28. The firm has a market capitalization of $201.35 billion, a price-to-earnings ratio of 451.87, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction that occurred 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 owns 170,273 shares in the company, valued at $12,681,933.04. The trade was a 73.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,379,785 shares of company stock worth $281,528,938. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PLTR shares. Northland Securities boosted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Bank of America increased their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Jefferies Financial Group boosted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Finally, Mizuho raised their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.45.

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.