Berkshire Capital Holdings Inc. Has $9.51 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Berkshire Capital Holdings Inc. increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1,257,700.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,780 shares of the company’s stock after acquiring an additional 125,770 shares during the quarter. Palantir Technologies accounts for about 3.4% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 14th largest position. Berkshire Capital Holdings Inc.’s holdings in Palantir Technologies were worth $9,513,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its stake in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. HighMark Wealth Management LLC increased its stake in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the completion of the transaction, the insider now owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock valued at $281,528,938 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on PLTR shares. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Mizuho upped their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada increased their price target 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $86.10 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The firm has a fifty day moving average price of $88.70 and a two-hundred day moving average price of $66.37. The company has a market cap of $201.94 billion, a PE ratio of 453.18, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

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.