Asset Management One Co. Ltd. Purchases 35,049 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Asset Management One Co. Ltd. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 810,833 shares of the company’s stock after purchasing an additional 35,049 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Palantir Technologies were worth $64,121,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at about $25,000. Prestige Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Palantir Technologies in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $117.91 on Friday. The firm has a market capitalization of $268.60 billion, a P/E ratio of 620.61, a PEG ratio of 11.44 and a beta of 2.81. The stock has a 50-day simple moving average of $80.12 and a two-hundred day simple moving average of $55.28. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $118.66.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alexander C. Karp sold 38,093 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $405,296,576.58. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,346,976 shares of company stock valued at $642,660,729 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America increased 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. Mizuho boosted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Finally, UBS Group raised their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock 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 stock. Based on data from MarketBeat, the company presently has a consensus 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.