Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Boosted by Leavell Investment Management Inc.

Leavell Investment Management Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,162 shares of the company’s stock after purchasing an additional 5,968 shares during the quarter. Leavell Investment Management Inc.’s holdings in Palantir Technologies were worth $4,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its position in Palantir Technologies by 21.4% during the 3rd quarter. Sound Income Strategies LLC now owns 3,481 shares of the company’s stock worth $130,000 after acquiring an additional 613 shares during the period. Thomasville National Bank acquired a new position in shares of Palantir Technologies during the third quarter valued at $215,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Palantir Technologies by 46.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock valued at $82,000 after purchasing an additional 700 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Palantir Technologies in the third quarter worth about $65,000. Finally, Sapient Capital LLC bought a new position in Palantir Technologies in the 3rd quarter valued at about $206,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on PLTR. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Citigroup boosted their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Cantor Fitzgerald increased their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. DA Davidson lifted their price target on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Wedbush upped their price objective on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.44.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.10, for a total transaction of $283,950,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $405,875,479.80. This trade represents a 41.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 5,250,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the transaction, the insider now directly owns 752,786 shares in the company, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,833,085 shares of company stock worth $924,999,929. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $112.62 on Wednesday. The firm’s 50 day moving average price is $78.34 and its two-hundred day moving average price is $54.24. The stock has a market cap of $256.55 billion, a price-to-earnings ratio of 592.77, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $118.66.

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.