Royal London Asset Management Ltd. Increases Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Royal London Asset Management Ltd. increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 849,242 shares of the company’s stock after purchasing an additional 11,027 shares during the period. Royal London Asset Management Ltd.’s holdings in Palantir Technologies were worth $64,228,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC grew its position in Palantir Technologies by 230.4% during the fourth 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 grew its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the period. Finally, Sierra Ocean LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PLTR. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Loop Capital reduced their price objective on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird boosted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Northland Securities boosted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.45.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the insider now directly owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock worth $281,528,938 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 2.6 %

Shares of NASDAQ PLTR opened at $86.10 on Thursday. The stock’s 50 day moving average price is $88.70 and its two-hundred day moving average price is $66.37. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The stock has a market capitalization of $201.94 billion, a P/E ratio of 453.18, a PEG ratio of 10.84 and a beta of 2.81.

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.