Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by ING Groep NV

ING Groep NV raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 648.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 643,479 shares of the company’s stock after purchasing an additional 557,554 shares during the quarter. ING Groep NV’s holdings in Palantir Technologies were worth $48,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PLTR. Allspring Global Investments Holdings LLC boosted its holdings in Palantir Technologies by 227.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock valued at $4,546,000 after purchasing an additional 84,856 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $25,000. Whittier Trust Co. lifted its holdings in shares of Palantir Technologies by 1.1% in the 3rd quarter. Whittier Trust Co. now owns 57,526 shares of the company’s stock worth $2,140,000 after acquiring an additional 600 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $62,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Palantir Technologies by 211.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,971 shares of the company’s stock worth $73,000 after acquiring an additional 1,339 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 1,620,395 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $406,583,028.18. This trade represents a 20.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the transaction, the director now directly owns 111,644 shares in the company, valued at $7,454,469.88. The trade was a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,301,387 shares of company stock valued at $575,821,045. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PLTR shares. Wedbush upped their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, Robert W. Baird increased their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.44.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $112.06 on Thursday. The firm’s fifty day moving average price is $84.70 and its 200 day moving average price is $58.51. The company has a market capitalization of $255.27 billion, a price-to-earnings ratio of 589.82, a price-to-earnings-growth ratio of 12.81 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

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.