Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 191.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,115 shares of the company’s stock after purchasing an additional 1,389 shares during the period. Zions Bancorporation N.A.’s holdings in Palantir Technologies were worth $160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the period. HighMark Wealth Management LLC raised its position in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’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 transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. UBS Group upped their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Citigroup upped their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a report on Monday, March 3rd. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Northland Securities lifted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Five equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $74.45.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $92.28 on Thursday. The business has a 50 day moving average price of $91.28 and a 200 day moving average price of $68.54. The company has a market capitalization of $216.43 billion, a P/E ratio of 485.71, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

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.