Xponance Inc. Purchases 14,450 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Xponance Inc. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 461,920 shares of the company’s stock after acquiring an additional 14,450 shares during the period. Xponance Inc.’s holdings in Palantir Technologies were worth $34,935,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLTR. Victory Capital Management Inc. lifted its holdings in shares of Palantir Technologies by 3.4% in the 3rd quarter. Victory Capital Management Inc. now owns 682,748 shares of the company’s stock worth $25,398,000 after acquiring an additional 22,672 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Palantir Technologies by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 34,146 shares of the company’s stock valued at $1,270,000 after buying an additional 998 shares in the last quarter. Empowered Funds LLC lifted its holdings in Palantir Technologies by 156.3% during the 3rd quarter. Empowered Funds LLC now owns 73,095 shares of the company’s stock valued at $2,719,000 after buying an additional 44,571 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Palantir Technologies by 406.7% in the 3rd quarter. Natixis Advisors LLC now owns 54,742 shares of the company’s stock valued at $2,036,000 after purchasing an additional 43,938 shares in the last quarter. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $9,212,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $87.35 on Tuesday. The firm’s fifty day simple moving average is $88.06 and its 200-day simple moving average is $65.86. The company has a market capitalization of $204.87 billion, a P/E ratio of 459.76, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares in the company, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was 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 of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,069,785 shares of company stock worth $254,537,238 in the last three months. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLTR. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Loop Capital reduced their price target on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. Finally, Bank of America lifted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.