Peachtree Investment Partners LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Peachtree Investment Partners LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 13,870 shares of the company’s stock, valued at approximately $1,049,000.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Norges Bank bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $1,360,191,000. Geode Capital Management LLC grew its holdings in shares of Palantir Technologies by 52.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock worth $1,777,568,000 after acquiring an additional 16,598,253 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock valued at $354,117,000 after acquiring an additional 3,907,022 shares during the period. Invesco Ltd. grew its stake in Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $240,236,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Heather A. Planishek sold 18,537 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the sale, the insider now owns 493,469 shares of the company’s stock, valued at $50,491,748.08. This represents a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Citigroup lifted their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Bank of America boosted their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Finally, Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research note on Friday. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.19.

Palantir Technologies Trading Up 5.2 %

NASDAQ:PLTR opened at $77.84 on Tuesday. The stock has a market capitalization of $182.56 billion, a PE ratio of 409.71, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The firm’s 50 day moving average is $92.72 and its 200 day moving average is $71.47.

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.