SBI Securities Co. Ltd. Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

SBI Securities Co. Ltd. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 774,590 shares of the company’s stock, valued at approximately $58,582,000. Palantir Technologies accounts for about 1.8% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in Palantir Technologies by 68.6% in the fourth quarter. Jones Financial Companies Lllp now owns 217,376 shares of the company’s stock valued at $16,440,000 after acquiring an additional 88,417 shares in the last quarter. Modera Wealth Management LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $1,012,000. SRS Capital Advisors Inc. raised its holdings in Palantir Technologies by 133.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 921 shares of the company’s stock valued at $70,000 after acquiring an additional 526 shares in the last quarter. Asahi Life Asset Management CO. LTD. acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $673,000. Finally, Norden Group LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $397,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on PLTR shares. Mizuho raised their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Robert W. Baird lifted their target price 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. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Loop Capital began coverage on shares of Palantir Technologies in a report on Thursday, February 20th. They issued a “buy” rating and a $141.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.21.

Palantir Technologies Stock Up 0.1 %

NASDAQ:PLTR opened at $84.86 on Friday. The company has a market capitalization of $193.31 billion, a PE ratio of 446.64, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The stock has a fifty day simple moving average of $87.09 and a 200-day simple moving average of $61.65.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the transaction, the insider now owns 702,786 shares in the company, valued at approximately $64,958,509.98. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,689,783 shares of company stock valued at $475,417,043 in the last 90 days. 12.93% of the stock is currently owned by 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.