40,848 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 40,848 shares of the company’s stock, valued at approximately $3,089,000.

Several other institutional investors have also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Sierra Ocean LLC bought a new position in Palantir Technologies during the fourth quarter worth $31,000. Finally, R Squared Ltd acquired a new position in Palantir Technologies during the fourth quarter worth $33,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.1 %

Shares of PLTR stock opened at $119.16 on Tuesday. The business’s 50 day moving average is $82.84 and its two-hundred day moving average is $57.43. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $120.67. The company has a market capitalization of $271.45 billion, a P/E ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Insider Activity

In other news, insider Alexander C. Karp sold 38,093 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total value of $2,400,239.93. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $405,296,576.58. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,339,480 shares of company stock valued at $578,221,285 in the last three months. 12.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America lifted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. UBS Group upped their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Wedbush boosted their price objective on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Six research 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.com, Palantir Technologies presently has an average rating of “Hold” and an average 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.