Andra AP fonden Makes New $454,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Andra AP fonden purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,000 shares of the company’s stock, valued at approximately $454,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. West Family Investments Inc. bought a new position in Palantir Technologies in the fourth quarter worth approximately $376,000. Blue Bell Private Wealth Management LLC boosted its holdings in Palantir Technologies by 80.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 756 shares of the company’s stock worth $57,000 after acquiring an additional 338 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in Palantir Technologies by 56.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 36,164 shares of the company’s stock worth $2,735,000 after acquiring an additional 13,013 shares in the last quarter. Callan Family Office LLC bought a new position in Palantir Technologies in the fourth quarter worth approximately $1,377,000. Finally, Chatham Capital Group Inc. bought a new position in Palantir Technologies in the fourth quarter worth approximately $238,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the transaction, the insider now directly owns 702,786 shares of the company’s stock, valued at $64,958,509.98. This trade represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares of the company’s stock, valued at $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,435,838 shares of company stock valued at $107,260,889 over the last ninety days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $85.07 on Monday. The business has a fifty day simple moving average of $87.43 and a two-hundred day simple moving average of $63.71. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market capitalization of $199.51 billion, a P/E ratio of 447.74, a P/E/G ratio of 10.84 and a beta of 2.81.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Robert W. Baird increased their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. DA Davidson increased their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Wedbush reissued an “outperform” rating and issued a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. Jefferies Financial Group increased their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Mizuho increased their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.79.

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.