Commerzbank Aktiengesellschaft FI Buys 4,434 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 58.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,071 shares of the company’s stock after purchasing an additional 4,434 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Palantir Technologies were worth $913,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in Palantir Technologies by 13.4% in the third quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock valued at $476,000 after buying an additional 1,514 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Palantir Technologies by 26.3% in the third quarter. Chicago Partners Investment Group LLC now owns 15,273 shares of the company’s stock valued at $568,000 after buying an additional 3,185 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Palantir Technologies by 39.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 901,428 shares of the company’s stock valued at $33,533,000 after buying an additional 252,830 shares during the last quarter. National Pension Service raised its stake in Palantir Technologies by 22.6% in the third quarter. National Pension Service now owns 2,999,917 shares of the company’s stock valued at $111,597,000 after buying an additional 552,403 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in Palantir Technologies by 12.9% in the third quarter. Asset Management One Co. Ltd. now owns 775,784 shares of the company’s stock valued at $28,859,000 after buying an additional 88,593 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $84.40 on Wednesday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The stock has a market capitalization of $192.26 billion, a price-to-earnings ratio of 444.23, a PEG ratio of 10.84 and a beta of 2.81. The business has a fifty day moving average price of $87.18 and a 200 day moving average price of $62.60.

Analysts Set New Price Targets

PLTR has been the subject of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research note on Monday. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price objective on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, UBS Group raised their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.79.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the company’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 directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,439,783 shares of company stock valued at $107,497,043. 12.93% of the stock is currently owned by corporate insiders.

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.