O Neil Global Advisors Inc. Has $37.91 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

O Neil Global Advisors Inc. lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 501,227 shares of the company’s stock after selling 17,542 shares during the quarter. Palantir Technologies makes up 11.1% of O Neil Global Advisors Inc.’s portfolio, making the stock its 5th biggest position. O Neil Global Advisors Inc.’s holdings in Palantir Technologies were worth $37,908,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Compass Capital Corp MA ADV bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $2,695,000. Suncoast Equity Management bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $378,000. Cromwell Holdings LLC raised its holdings in shares of Palantir Technologies by 41.8% in the 4th quarter. Cromwell Holdings LLC now owns 3,571 shares of the company’s stock valued at $270,000 after purchasing an additional 1,053 shares in the last quarter. Prakash Investment Advisors LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $216,000. Finally, Mattern Capital Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $345,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, insider Shyam Sankar sold 5,250,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This represents a 87.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the sale, the director now directly owns 111,644 shares in the company, valued at $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,680,992 shares of company stock valued at $473,395,877 in the last ninety days. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PLTR. Loop Capital began coverage on shares of Palantir Technologies in a research note on Thursday. They set a “buy” rating and a $141.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Wedbush boosted their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Mizuho boosted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, 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 note on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.21.

Palantir Technologies Price Performance

PLTR stock opened at $106.27 on Friday. The firm’s fifty day simple moving average is $85.36 and its 200-day simple moving average is $58.84. The company has a market capitalization of $242.09 billion, a P/E ratio of 559.35, a price-to-earnings-growth ratio of 11.52 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

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.