4,350 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Schulhoff & Co. Inc.

Schulhoff & Co. Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,350 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. First Command Advisory Services Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $34,000. Proficio Capital Partners LLC purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $39,507,000. WT Wealth Management purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $251,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $949,000. Finally, New York Life Investment Management LLC lifted its position in shares of Palantir Technologies by 127.5% during the 4th quarter. New York Life Investment Management LLC now owns 275,020 shares of the company’s stock worth $20,800,000 after buying an additional 154,139 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PLTR. Jefferies Financial Group increased their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Wedbush raised their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Loop Capital assumed coverage on Palantir Technologies in a report on Thursday, February 20th. They issued a “buy” rating and a $141.00 target price for the company. Northland Securities raised their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $73.21.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at approximately $64,958,509.98. The trade was a 4.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,689,783 shares of company stock valued at $475,417,043 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $84.77 on Friday. The company has a market cap of $193.11 billion, a P/E ratio of 446.18, a P/E/G ratio of 10.84 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. The company has a 50-day moving average of $87.00 and a 200-day moving average of $61.04.

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.