Mariner LLC Has $46.18 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Mariner LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 610,598 shares of the company’s stock after purchasing an additional 110,419 shares during the quarter. Mariner LLC’s holdings in Palantir Technologies were worth $46,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. boosted its holdings in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the period. Diversify Wealth Management LLC acquired a new position in Palantir Technologies in the 4th quarter worth $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies in the 4th quarter worth $3,233,000. Kieckhefer Group LLC bought a new position in Palantir Technologies during the 4th quarter worth about $11,769,000. Finally, Grange Capital LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $5,829,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Cantor Fitzgerald upped their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price objective for the company. Robert W. Baird upped their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.95.

Palantir Technologies Trading Up 6.2 %

NASDAQ PLTR opened at $98.40 on Wednesday. The company has a market cap of $230.78 billion, a price-to-earnings ratio of 517.92, a PEG ratio of 10.84 and a beta of 2.74. The company has a 50 day moving average of $92.38 and a 200-day moving average of $73.83. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 88,129 shares in the company, valued at $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the firm’s stock in a transaction on 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 approximately $15,993,370.71. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock valued at $253,328,090 in the last three months. Corporate insiders own 12.93% of the company’s stock.

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.