Mariner LLC Has $46.18 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Mariner LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 22.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 610,598 shares of the company’s stock after acquiring an additional 110,419 shares during the quarter. Mariner LLC’s holdings in Palantir Technologies were worth $46,181,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Palantir Technologies by 8.6% in 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 acquiring an additional 4,127,306 shares during the last quarter. Norges Bank bought a new stake in shares of Palantir Technologies in the 4th quarter valued at $1,360,191,000. FMR LLC increased its position in shares of Palantir Technologies by 22.6% during the fourth quarter. FMR LLC now owns 15,296,371 shares of the company’s stock worth $1,156,864,000 after buying an additional 2,818,090 shares during the period. Invesco Ltd. raised its stake in Palantir Technologies by 31.2% during the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after buying an additional 3,509,311 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Palantir Technologies by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company’s stock valued at $986,431,000 after acquiring an additional 655,815 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last three months. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Bank of America boosted their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Citigroup increased their price target on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. DA Davidson reduced their price objective on shares of Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday. Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.95.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $98.40 on Wednesday. The company has a market capitalization of $230.78 billion, a price-to-earnings ratio of 517.92, a PEG ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The company has a 50-day simple moving average of $92.38 and a two-hundred day simple moving average of $73.83.

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.