Chung Wu Investment Group LLC Acquires Shares of 4,400 Palantir Technologies Inc. (NASDAQ:PLTR)

Chung Wu Investment Group LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,400 shares of the company's stock, valued at approximately $333,000.

Several other institutional investors have also recently added to or reduced their stakes in PLTR. Farther Finance Advisors LLC lifted its holdings in Palantir Technologies by 13.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company's stock valued at $476,000 after purchasing an additional 1,514 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Palantir Technologies by 39.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 901,428 shares of the company's stock valued at $33,533,000 after purchasing an additional 252,830 shares during the last quarter. Moloney Securities Asset Management LLC lifted its holdings in Palantir Technologies by 21.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 19,476 shares of the company's stock valued at $725,000 after purchasing an additional 3,457 shares during the last quarter. Gulf International Bank UK Ltd lifted its holdings in Palantir Technologies by 6.7% during the 3rd quarter. Gulf International Bank UK Ltd now owns 159,879 shares of the company's stock valued at $5,947,000 after purchasing an additional 9,982 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Palantir Technologies by 211.1% during the 3rd quarter. Amalgamated Bank now owns 423,082 shares of the company's stock valued at $15,739,000 after purchasing an additional 287,100 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

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Palantir Technologies Price Performance

PLTR traded up $4.61 during trading on Friday, reaching $85.07. The company had a trading volume of 105,050,388 shares, compared to its average volume of 63,748,999. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The business's fifty day moving average price is $87.43 and its 200 day moving average price is $63.49. The company has a market cap of $199.51 billion, a P/E ratio of 447.74, a PEG ratio of 10.84 and a beta of 2.81.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 483,987 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now owns 170,273 shares of the company's stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,435,838 shares of company stock valued at $107,260,889. 12.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. William Blair upgraded shares of Palantir Technologies from an "underperform" rating to a "market perform" rating in a research report on Wednesday. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, 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 report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.79.

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.