Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Belpointe Asset Management LLC

Belpointe Asset Management LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,941 shares of the company’s stock after purchasing an additional 8,884 shares during the quarter. Belpointe Asset Management LLC’s holdings in Palantir Technologies were worth $5,970,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new position in Palantir Technologies during the fourth quarter worth $1,360,191,000. Geode Capital Management LLC increased its stake in shares of Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock worth $354,117,000 after purchasing an additional 3,907,022 shares in the last quarter. Invesco Ltd. raised its position in shares of Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Palantir Technologies in the 4th quarter valued at about $240,236,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLTR shares. Robert W. Baird increased their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Bank of America lifted their target price 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. Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Finally, Northland Securities raised their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.19.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock worth $253,328,090 over the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 0.0 %

PLTR stock opened at $88.55 on Monday. The business’s fifty day moving average price is $92.81 and its 200 day moving average price is $73.27. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The company has a market capitalization of $207.68 billion, a PE ratio of 466.08, a P/E/G ratio of 10.84 and a beta of 2.74.

About Palantir Technologies

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.