Cullen Frost Bankers Inc. Purchases 1,657 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Cullen Frost Bankers Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 4,248.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,696 shares of the company’s stock after acquiring an additional 1,657 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Palantir Technologies were worth $128,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC increased its stake in shares of Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC bought a new stake in Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 5.7 %

Shares of NASDAQ PLTR opened at $85.07 on Monday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm’s 50-day moving average price is $87.43 and its 200-day moving average price is $63.71. The stock has a market capitalization of $199.51 billion, a price-to-earnings ratio of 447.74, a P/E/G ratio of 10.84 and a beta of 2.81.

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Bank of America increased their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Wedbush reissued an “outperform” rating and issued a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. Jefferies Financial Group lifted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, Citigroup raised their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Five 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.79.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were 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 in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,435,838 shares of company stock valued at $107,260,889 over the last ninety days. 12.93% of the stock is owned by insiders.

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.