PGGM Investments Acquires 168,846 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

PGGM Investments boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 782.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 190,416 shares of the company’s stock after acquiring an additional 168,846 shares during the quarter. PGGM Investments’ holdings in Palantir Technologies were worth $14,401,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Atria Investments Inc lifted its holdings in shares of Palantir Technologies by 7.5% in the third quarter. Atria Investments Inc now owns 55,014 shares of the company’s stock valued at $2,047,000 after purchasing an additional 3,835 shares in the last quarter. Baker Avenue Asset Management LP bought a new position in Palantir Technologies during the 3rd quarter valued at $210,000. Venturi Wealth Management LLC lifted its stake in Palantir Technologies by 56.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 16,799 shares of the company’s stock valued at $625,000 after acquiring an additional 6,066 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Palantir Technologies by 68.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 18,898 shares of the company’s stock worth $703,000 after acquiring an additional 7,666 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its stake in shares of Palantir Technologies by 7.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 26,119 shares of the company’s stock worth $972,000 after acquiring an additional 1,901 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 7.2 %

PLTR opened at $83.65 on Thursday. The company has a market capitalization of $196.19 billion, a price-to-earnings ratio of 440.29, a PEG ratio of 10.84 and a beta of 2.81. The firm has a 50-day moving average price of $87.62 and a 200-day moving average price of $64.49. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41.

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 416,053 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.17, for a total value of $30,858,651.01. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $43,908.64. This represents a 99.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 985,838 shares of company stock valued at $75,333,389. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLTR shares. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Citigroup lifted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Mizuho upped their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $75.25.

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.