APG Asset Management N.V. Decreases Position in Palantir Technologies Inc. (NASDAQ:PLTR)

APG Asset Management N.V. lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,096 shares of the company’s stock after selling 16,541 shares during the quarter. APG Asset Management N.V.’s holdings in Palantir Technologies were worth $7,676,000 at the end of the most recent quarter.

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

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $88.55 on Friday. The business has a 50-day moving average of $92.81 and a two-hundred day moving average of $73.02. The firm has a market capitalization of $207.68 billion, a PE ratio of 466.08, a P/E/G 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.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now directly owns 403,171 shares in the company, valued at $33,382,558.80. This trade represents a 19.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,989,975 shares of company stock valued at $253,328,090. 12.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PLTR shares. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Loop Capital reissued a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. Royal Bank of Canada raised 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. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Citigroup raised their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $75.19.

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.