Cibc World Markets Corp Has $28.51 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Cibc World Markets Corp lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 37.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 376,997 shares of the company’s stock after purchasing an additional 102,994 shares during the period. Cibc World Markets Corp’s holdings in Palantir Technologies were worth $28,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PLTR. Mather Group LLC. raised its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the period. Charles Schwab Investment Management Inc. raised its position in Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after buying an additional 4,667,955 shares during the period. Diversify Wealth Management LLC acquired a new position in Palantir Technologies during the fourth quarter valued at $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter valued at $3,233,000. Finally, Coldstream Capital Management Inc. acquired a new position in Palantir Technologies during the third quarter valued at $639,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 8.3 %

Shares of NASDAQ:PLTR opened at $86.24 on Monday. The business has a 50 day moving average price of $87.83 and a 200 day moving average price of $65.46. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a market cap of $202.26 billion, a price-to-earnings ratio of 453.92, a PEG ratio of 10.84 and a beta of 2.81.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLTR. Cantor Fitzgerald upped their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, DA Davidson boosted their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.45.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,069,785 shares of company stock worth $254,537,238 in the last 90 days. 12.93% of the stock is owned by company insiders.

Palantir Technologies 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.