BI Asset Management Fondsmaeglerselskab A S Acquires 172,854 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 317.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,222 shares of the company’s stock after acquiring an additional 172,854 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Palantir Technologies were worth $17,185,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $28,000. Wolff Wiese Magana LLC grew its position in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. 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 worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at about $31,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $93.78 on Friday. The stock’s 50-day moving average is $91.18 and its 200 day moving average is $75.01. The company has a market cap of $219.95 billion, a PE ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1 year low of $20.36 and a 1 year high of $125.41.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Wedbush reissued an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Citigroup boosted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Jefferies Financial Group raised their price objective 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. Bank of America increased their target price 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 restated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.71.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value 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 trade represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,989,975 shares of company stock worth $253,328,090. 12.93% of the stock is currently owned by insiders.

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.