Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Aspect Partners LLC

Aspect Partners LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 262.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,087 shares of the company’s stock after buying an additional 787 shares during the quarter. Aspect Partners LLC’s holdings in Palantir Technologies were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PLTR. Zullo Investment Group Inc. increased its holdings in shares of Palantir Technologies by 9.4% in the 4th quarter. Zullo Investment Group Inc. now owns 8,684 shares of the company’s stock valued at $657,000 after purchasing an additional 746 shares in the last quarter. Sunpointe LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $246,000. Corps Capital Advisors LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $809,000. Ieq Capital LLC lifted its position in shares of Palantir Technologies by 55.5% during the 4th quarter. Ieq Capital LLC now owns 241,110 shares of the company’s stock valued at $18,235,000 after acquiring an additional 86,064 shares during the period. Finally, TBH Global Asset Management LLC boosted its stake in shares of Palantir Technologies by 12.0% during the 4th quarter. TBH Global Asset Management LLC now owns 10,595 shares of the company’s stock worth $801,000 after acquiring an additional 1,132 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 1,620,395 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $406,583,028.18. The trade was a 20.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,301,387 shares of company stock valued at $575,821,045 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $112.06 on Thursday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company’s 50 day simple moving average is $84.70 and its 200 day simple moving average is $58.51. The stock has a market capitalization of $255.27 billion, a PE ratio of 589.82, a P/E/G ratio of 12.81 and a beta of 2.81.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PLTR shares. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Bank of America raised their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Mizuho raised their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $69.44.

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.