Palantir Technologies Inc. (NASDAQ:PLTR) Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 919,052 shares of the company’s stock after selling 24,757 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Palantir Technologies were worth $69,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Florida Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $325,000. Meiji Yasuda Asset Management Co Ltd. lifted its position in Palantir Technologies by 179.7% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 78,788 shares of the company’s stock worth $5,959,000 after buying an additional 50,618 shares in the last quarter. PKS Advisory Services LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $237,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $222,000. Finally, Heritage Wealth Management Inc. CA increased its stake in shares of Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock worth $2,195,000 after acquiring an additional 111 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, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies 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 approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the company’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 of the company’s stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on PLTR. DA Davidson lifted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird raised their price target 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 analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $96.51 on Wednesday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company has a fifty day moving average price of $90.80 and a 200 day moving average price of $68.37. The stock has a market cap of $226.35 billion, a P/E ratio of 507.97, a PEG ratio of 10.84 and a beta of 2.81.

About Palantir Technologies

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.