Bank Julius Baer & Co. Ltd Zurich Raises Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,317 shares of the company’s stock after purchasing an additional 11,403 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Palantir Technologies were worth $22,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PLTR. Machina Capital S.A.S. purchased a new position in Palantir Technologies in the fourth quarter valued at $395,000. RKL Wealth Management LLC grew its position in shares of Palantir Technologies by 2.7% in the fourth quarter. RKL Wealth Management LLC now owns 5,689 shares of the company’s stock valued at $430,000 after purchasing an additional 150 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of Palantir Technologies by 4.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 9,940 shares of the company’s stock valued at $752,000 after purchasing an additional 382 shares during the period. Haven Private LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at about $3,432,000. Finally, Andra AP fonden purchased a new stake in Palantir Technologies during the 4th quarter valued at about $454,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of several research reports. Robert W. Baird upped their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. 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 note on Tuesday, February 4th. Finally, Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.79.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the sale, the insider now owns 702,786 shares in the company, valued at approximately $64,958,509.98. The trade was a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares in the company, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,435,838 shares of company stock worth $107,260,889. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $85.07 on Friday. The company has a market capitalization of $199.51 billion, a price-to-earnings ratio of 447.74, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The business has a 50-day moving average of $87.43 and a two-hundred day moving average of $63.49. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year 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.