Natixis Advisors LLC Buys 145,941 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Natixis Advisors LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 266.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,683 shares of the company’s stock after acquiring an additional 145,941 shares during the period. Natixis Advisors LLC’s holdings in Palantir Technologies were worth $15,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC raised its holdings in shares of Palantir Technologies by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 34,146 shares of the company’s stock worth $1,270,000 after buying an additional 998 shares during the period. Empowered Funds LLC raised its position in shares of Palantir Technologies by 156.3% in the 3rd quarter. Empowered Funds LLC now owns 73,095 shares of the company’s stock worth $2,719,000 after acquiring an additional 44,571 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Palantir Technologies by 73.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 91,656 shares of the company’s stock valued at $3,409,000 after buying an additional 38,924 shares in the last quarter. GLOBALT Investments LLC GA increased its position in shares of Palantir Technologies by 3.2% during the third quarter. GLOBALT Investments LLC GA now owns 34,240 shares of the company’s stock worth $1,274,000 after purchasing an additional 1,071 shares in the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in Palantir Technologies by 16.1% in the third quarter. Meeder Advisory Services Inc. now owns 37,124 shares of the company’s stock worth $1,381,000 after acquiring an additional 5,143 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 483,987 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,069,785 shares of company stock valued at $254,537,238 in the last three months. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLTR shares. Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. DA Davidson raised their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. Finally, Royal Bank of Canada upped their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $74.45.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $83.89 on Wednesday. The firm’s 50 day moving average price is $88.34 and its two-hundred day moving average price is $66.23. The stock has a market cap of $196.75 billion, a price-to-earnings ratio of 441.55, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41.

Palantir Technologies 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.