Rothschild Investment LLC Has $639,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Rothschild Investment LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,454 shares of the company’s stock after buying an additional 1,573 shares during the period. Rothschild Investment LLC’s holdings in Palantir Technologies were worth $639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Palantir Technologies by 227.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock valued at $4,546,000 after acquiring an additional 84,856 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Palantir Technologies by 80.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after purchasing an additional 16,469 shares during the last quarter. Allworth Financial LP boosted its stake in Palantir Technologies by 8.3% during the 3rd quarter. Allworth Financial LP now owns 24,590 shares of the company’s stock valued at $915,000 after purchasing an additional 1,891 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Palantir Technologies by 2,252.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,645 shares of the company’s stock valued at $6,323,000 after buying an additional 164,349 shares during the last quarter. Finally, Clear Harbor Asset Management LLC increased its position in Palantir Technologies by 12.6% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 17,829 shares of the company’s stock worth $663,000 after buying an additional 2,000 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,719,783 shares of company stock worth $477,414,743 in the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 10.5 %

NASDAQ PLTR opened at $90.68 on Tuesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a 50 day moving average of $86.17 and a 200-day moving average of $60.27. The firm has a market cap of $206.57 billion, a price-to-earnings ratio of 477.29, a PEG ratio of 10.84 and a beta of 2.81.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLTR. UBS Group raised their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Northland Securities raised their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Mizuho boosted their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.21.

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.