Meeder Advisory Services Inc. Purchases 34,909 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Meeder Advisory Services Inc. lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 94.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. 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 reporting period.

Other institutional investors have also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its stake in shares of Palantir Technologies by 87.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 21,558 shares of the company’s stock worth $802,000 after acquiring an additional 10,040 shares during the last quarter. Public Sector Pension Investment Board bought a new position in Palantir Technologies in the 3rd quarter worth $3,207,000. Hantz Financial Services Inc. lifted its position in Palantir Technologies by 37.5% during the third quarter. Hantz Financial Services Inc. now owns 2,585 shares of the company’s stock valued at $96,000 after purchasing an additional 705 shares in the last quarter. Paloma Partners Management Co grew its holdings in Palantir Technologies by 1,035.0% during the third quarter. Paloma Partners Management Co now owns 19,124 shares of the company’s stock valued at $711,000 after purchasing an additional 17,439 shares during the period. Finally, Benjamin Edwards Inc. increased its position in Palantir Technologies by 128.7% in the third quarter. Benjamin Edwards Inc. now owns 286,198 shares of the company’s stock worth $10,646,000 after buying an additional 161,044 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Bank of America raised their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Loop Capital dropped their target price on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average target price of $75.19.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $84.68 on Wednesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The business has a fifty day moving average price of $92.47 and a 200-day moving average price of $70.22. The stock has a market capitalization of $198.60 billion, a price-to-earnings ratio of 445.71, 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.