Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by United Capital Management of KS Inc.

United Capital Management of KS Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 476,467 shares of the company’s stock after acquiring an additional 39,350 shares during the period. Palantir Technologies comprises about 6.6% of United Capital Management of KS Inc.’s holdings, making the stock its 3rd biggest holding. United Capital Management of KS Inc.’s holdings in Palantir Technologies were worth $36,035,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Mather Group LLC. raised its position in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 60.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after buying an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $876,000. Destiny Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $3,233,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Palantir Technologies in the third quarter valued at about $639,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Loop Capital dropped their price objective on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday. Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Robert W. Baird upped their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $74.45.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,069,785 shares of company stock worth $254,537,238. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $86.24 on Friday. The stock has a market capitalization of $202.26 billion, a P/E ratio of 453.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The company has a 50 day moving average price of $87.83 and a 200 day moving average price of $64.98.

Palantir Technologies 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.