Palantir Technologies Inc. (NASDAQ:PLTR) Stake Raised by Carroll Investors Inc

Carroll Investors Inc raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 239,897 shares of the company’s stock after purchasing an additional 5,259 shares during the quarter. Palantir Technologies comprises about 10.2% of Carroll Investors Inc’s investment portfolio, making the stock its 4th biggest holding. Carroll Investors Inc’s holdings in Palantir Technologies were worth $18,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PLTR. Norges Bank bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $1,360,191,000. Geode Capital Management LLC raised its position in Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Wellington Management Group LLP lifted its stake in shares of Palantir Technologies by 504.0% in the 4th quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock valued at $354,117,000 after purchasing an additional 3,907,022 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $240,236,000. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on PLTR shares. Royal Bank of Canada raised their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Daiwa America upgraded shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Jefferies Financial Group upped their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Finally, Robert W. Baird boosted their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.95.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $92.62 on Tuesday. The company’s 50-day simple moving average is $92.63 and its two-hundred day simple moving average is $73.66. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company has a market capitalization of $217.23 billion, a price-to-earnings ratio of 487.50, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now owns 88,129 shares of the company’s stock, valued at $9,059,661.20. This trade represents 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 through this link. Also, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. 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 over the last ninety days. 12.93% of the stock is owned by company insiders.

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.