Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336,053 shares of the company’s stock after buying an additional 13,135 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Palantir Technologies were worth $2,157,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PLTR. Vanguard Group Inc. raised its position in shares of Palantir Technologies by 22.4% in the 1st quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock worth $2,141,931,000 after buying an additional 28,563,749 shares during the period. Two Sigma Investments LP raised its position in shares of Palantir Technologies by 28,558.7% in the 3rd quarter. Two Sigma Investments LP now owns 13,265,535 shares of the company’s stock worth $107,849,000 after buying an additional 13,219,247 shares during the period. Renaissance Technologies LLC raised its position in shares of Palantir Technologies by 17.5% in the 3rd quarter. Renaissance Technologies LLC now owns 33,130,047 shares of the company’s stock worth $269,347,000 after buying an additional 4,925,900 shares during the period. Millennium Management LLC raised its position in shares of Palantir Technologies by 194.8% in the 2nd quarter. Millennium Management LLC now owns 1,895,920 shares of the company’s stock worth $17,196,000 after buying an additional 3,895,920 shares during the period. Finally, Ardevora Asset Management LLP purchased a new position in shares of Palantir Technologies in the 3rd quarter worth $22,852,000. Institutional investors and hedge funds own 31.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PLTR. Citigroup reissued a “sell” rating and issued a $5.00 price objective on shares of Palantir Technologies in a research report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Palantir Technologies from $6.00 to $7.00 in a research report on Tuesday, May 9th. The Goldman Sachs Group dropped their target price on Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 14th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Monday, March 27th. Finally, Mizuho lifted their target price on Palantir Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 14th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $8.54.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $7.85, for a total transaction of $54,950.00. Following the completion of the transaction, the director now directly owns 206,830 shares in the company, valued at $1,623,615.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Lauren Elaina Friedman Stat sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $7.85, for a total transaction of $54,950.00. Following the completion of the transaction, the director now directly owns 206,830 shares in the company, valued at $1,623,615.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexander D. Moore sold 21,900 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $8.35, for a total value of $182,865.00. Following the sale, the director now directly owns 1,880,052 shares in the company, valued at approximately $15,698,434.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,457 shares of company stock worth $2,255,000. Company insiders own 13.71% of the company’s stock.

Palantir Technologies Stock Down 0.3 %

Shares of PLTR stock opened at $11.71 on Friday. The business has a 50 day moving average of $8.48 and a two-hundred day moving average of $7.83. Palantir Technologies Inc. has a 52 week low of $5.84 and a 52 week high of $12.41. The company has a market cap of $24.80 billion, a P/E ratio of -90.08, a PEG ratio of 3.60 and a beta of 2.85.

Palantir Technologies Company Profile

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.