Palantir Technologies Inc. (NASDAQ:PLTR) Position Lessened by PARUS FINANCE UK Ltd

PARUS FINANCE UK Ltd cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 79.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,635 shares of the company’s stock after selling 21,300 shares during the period. Palantir Technologies accounts for about 0.1% of PARUS FINANCE UK Ltd’s investment portfolio, making the stock its 28th largest position. PARUS FINANCE UK Ltd’s holdings in Palantir Technologies were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MV Capital Management Inc. boosted its holdings in Palantir Technologies by 43.1% during the fourth quarter. MV Capital Management Inc. now owns 1,304 shares of the company’s stock valued at $99,000 after acquiring an additional 393 shares during the period. Allianz SE acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $486,000. Tucker Asset Management LLC boosted its stake in Palantir Technologies by 572.3% during the 4th quarter. Tucker Asset Management LLC now owns 4,619 shares of the company’s stock valued at $349,000 after purchasing an additional 3,932 shares during the period. Allstate Corp acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $4,564,000. Finally, Maridea Wealth Management LLC bought a new position in Palantir Technologies in the 4th quarter worth approximately $329,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. DA Davidson raised their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Wedbush reiterated an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Stock Down 4.7 %

Shares of PLTR stock opened at $85.85 on Friday. The company has a market cap of $201.35 billion, a price-to-earnings ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The firm has a 50 day moving average of $91.98 and a 200-day moving average of $69.04. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.