MetLife Investment Management LLC Boosts Position in Palantir Technologies Inc. (NASDAQ:PLTR)

MetLife Investment Management LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 630,557 shares of the company’s stock after acquiring an additional 15,352 shares during the period. MetLife Investment Management LLC’s holdings in Palantir Technologies were worth $47,689,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Roxbury Financial LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. HighMark Wealth Management LLC lifted its position in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now directly owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares of the company’s stock, valued at $33,382,558.80. This trade represents a 19.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last quarter. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of analyst reports. Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. Morgan Stanley cut their price objective on shares of Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price for the company. William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Cantor Fitzgerald raised their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.71.

Palantir Technologies Price Performance

Shares of PLTR opened at $93.78 on Friday. The company has a market cap of $219.95 billion, a P/E ratio of 493.60, a PEG ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12 month low of $20.36 and a 12 month high of $125.41. The stock has a fifty day moving average price of $91.18 and a 200 day moving average price of $75.01.

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.