Exencial Wealth Advisors LLC Acquires 1,189 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Exencial Wealth Advisors LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,175 shares of the company’s stock after acquiring an additional 1,189 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Palantir Technologies were worth $1,299,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Farther Finance Advisors LLC lifted its position in Palantir Technologies by 13.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock valued at $476,000 after acquiring an additional 1,514 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Palantir Technologies by 39.0% during the 3rd 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. Moloney Securities Asset Management LLC raised its stake in Palantir Technologies by 21.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 19,476 shares of the company’s stock valued at $725,000 after buying an additional 3,457 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Palantir Technologies by 6.7% during the 3rd quarter. Gulf International Bank UK Ltd now owns 159,879 shares of the company’s stock valued at $5,947,000 after buying an additional 9,982 shares during the last quarter. Finally, Amalgamated Bank raised its stake in Palantir Technologies by 211.1% during the 3rd quarter. Amalgamated Bank now owns 423,082 shares of the company’s stock valued at $15,739,000 after buying an additional 287,100 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the transaction, the insider now directly owns 702,786 shares of the company’s stock, valued at $64,958,509.98. This trade represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,439,783 shares of company stock worth $107,497,043. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLTR. Citigroup boosted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Royal Bank of Canada boosted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Mizuho boosted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $74.79.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $90.13 on Thursday. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm has a market capitalization of $211.39 billion, a PE ratio of 474.39, a PEG ratio of 10.84 and a beta of 2.81. The stock has a fifty day simple moving average of $87.34 and a two-hundred day simple moving average of $62.79.

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.