Thrivent Financial for Lutherans Increases Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Thrivent Financial for Lutherans grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 92,313 shares of the company’s stock after buying an additional 657 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Palantir Technologies were worth $6,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Natixis Advisors LLC boosted its holdings in Palantir Technologies by 406.7% in the third quarter. Natixis Advisors LLC now owns 54,742 shares of the company’s stock valued at $2,036,000 after acquiring an additional 43,938 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Palantir Technologies by 14.5% in the 3rd quarter. Pathstone Holdings LLC now owns 108,707 shares of the company’s stock worth $4,044,000 after purchasing an additional 13,797 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Palantir Technologies by 73.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 107,455 shares of the company’s stock valued at $3,997,000 after purchasing an additional 45,505 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Palantir Technologies by 76.0% during the third quarter. Advisors Asset Management Inc. now owns 53,665 shares of the company’s stock valued at $1,996,000 after buying an additional 23,178 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Palantir Technologies in the third quarter worth about $33,904,000. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research reports. Northland Securities lifted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Wedbush restated an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. Bank of America upped their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, DA Davidson upped their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Five equities 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, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $90.96 on Monday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market cap of $213.33 billion, a P/E ratio of 478.76, a PEG ratio of 10.84 and a beta of 2.81. The stock’s fifty day moving average price is $89.55 and its 200-day moving average price is $67.44.

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.