Glenview Trust co Purchases Shares of 4,740 Palantir Technologies Inc. (NASDAQ:PLTR)

Glenview Trust co purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,740 shares of the company’s stock, valued at approximately $358,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Victory Capital Management Inc. increased its position in shares of Palantir Technologies by 3.4% in the third quarter. Victory Capital Management Inc. now owns 682,748 shares of the company’s stock valued at $25,398,000 after acquiring an additional 22,672 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Palantir Technologies by 3.0% in the third quarter. OneDigital Investment Advisors LLC now owns 34,146 shares of the company’s stock valued at $1,270,000 after acquiring an additional 998 shares during the last quarter. Empowered Funds LLC increased its position in shares of Palantir Technologies by 156.3% in the third quarter. Empowered Funds LLC now owns 73,095 shares of the company’s stock valued at $2,719,000 after acquiring an additional 44,571 shares during the last quarter. Natixis Advisors LLC increased its position in shares of 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 during the last quarter. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at about $9,212,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business’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 in the company, valued at $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 483,987 shares of the business’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 transaction of $36,047,351.76. Following the transaction, 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. Over the last ninety days, insiders sold 3,069,785 shares of company stock worth $254,537,238. Corporate insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Loop Capital reduced their price target on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Finally, William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Trading Up 1.3 %

NASDAQ PLTR opened at $87.35 on Tuesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a 50 day moving average of $88.06 and a 200-day moving average of $65.86. The company has a market cap of $204.87 billion, a price-to-earnings ratio of 459.76, a PEG ratio of 10.84 and a beta of 2.81.

Palantir Technologies Company 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.