Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 80.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,381 shares of the company's stock after selling 228,751 shares during the period. TIAA Trust National Association's holdings in Palantir Technologies were worth $4,188,000 as of its most recent filing with the Securities & Exchange Commission.

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A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Prestige Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank acquired a new position in Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC lifted its holdings in 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 purchasing an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC grew its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $92.28 on Thursday. The stock has a market capitalization of $216.43 billion, a price-to-earnings ratio of 485.71, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The business has a 50-day moving average of $91.28 and a 200 day moving average of $68.54. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

Wall Street Analysts Forecast Growth

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A number of equities analysts recently weighed in on PLTR shares. Mizuho boosted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Loop Capital dropped their price target on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. DA Davidson increased their price target on Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Jefferies Financial Group boosted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Finally, Baird R W raised Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $74.45.

Check Out Our Latest Research Report on Palantir Technologies

Insider Activity

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In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of the business's stock in a transaction 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 transaction, the insider now owns 170,273 shares in the company, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by company insiders.

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.

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