Gulf International Bank UK Ltd Sells 1,317 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Gulf International Bank UK Ltd lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 158,562 shares of the company’s stock after selling 1,317 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Palantir Technologies were worth $11,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Palantir Technologies by 80.2% during the third quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock valued at $1,377,000 after buying an additional 16,469 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Palantir Technologies by 5.0% during the third quarter. Nisa Investment Advisors LLC now owns 251,320 shares of the company’s stock valued at $9,349,000 after buying an additional 11,920 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in Palantir Technologies during the third quarter valued at $199,000. abrdn plc raised its stake in Palantir Technologies by 124.0% during the third quarter. abrdn plc now owns 611,142 shares of the company’s stock valued at $22,646,000 after buying an additional 338,260 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its stake in Palantir Technologies by 83.0% during the third quarter. Diversify Advisory Services LLC now owns 19,042 shares of the company’s stock valued at $708,000 after buying an additional 8,638 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 5,250,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This represents a 87.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. This trade represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,719,783 shares of company stock valued at $477,414,743 over the last 90 days. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Mizuho boosted their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. UBS Group boosted their price target on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird boosted their price target 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, Wedbush boosted their price target on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Six equities research 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. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $73.21.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $89.31 on Thursday. The stock has a 50-day simple moving average of $86.79 and a two-hundred day simple moving average of $60.88. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm has a market capitalization of $203.45 billion, a PE ratio of 470.08, a P/E/G ratio of 10.84 and a beta of 2.81.

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.