Meeder Advisory Services Inc. Boosts Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Meeder Advisory Services Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 94.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,033 shares of the company’s stock after purchasing an additional 34,909 shares during the period. Meeder Advisory Services Inc.’s holdings in Palantir Technologies were worth $5,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its stake in shares of Palantir Technologies by 96.4% during the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company’s stock worth $3,069,463,000 after purchasing an additional 40,498,024 shares during the period. Norges Bank purchased a new stake in Palantir Technologies during the fourth quarter worth $1,360,191,000. Geode Capital Management LLC grew its position in Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock valued at $1,777,568,000 after buying an additional 16,598,253 shares during the period. Wellington Management Group LLP increased its holdings in Palantir Technologies by 504.0% in the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock valued at $354,117,000 after buying an additional 3,907,022 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $240,236,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.3 %

Shares of PLTR opened at $84.68 on Wednesday. The stock has a fifty day simple moving average of $92.47 and a two-hundred day simple moving average of $70.22. The company has a market capitalization of $198.60 billion, a PE ratio of 445.71, 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PLTR shares. Royal Bank of Canada raised their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. DA Davidson increased their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. UBS Group boosted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Loop Capital decreased their price objective on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target of $75.19.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies 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 sale, the director now directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,379,785 shares of company stock worth $281,528,938. Insiders own 12.93% of the company’s stock.

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.