Mach 1 Financial Group LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Mach 1 Financial Group LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,846 shares of the company's stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC grew its stake in Palantir Technologies by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 630,557 shares of the company's stock valued at $47,689,000 after acquiring an additional 15,352 shares during the last quarter. Natixis lifted its holdings in shares of Palantir Technologies by 29.5% in the fourth quarter. Natixis now owns 260,388 shares of the company's stock valued at $19,693,000 after purchasing an additional 59,273 shares in the last quarter. Norinchukin Bank The increased its stake in shares of Palantir Technologies by 27.8% during the 4th quarter. Norinchukin Bank The now owns 92,834 shares of the company's stock worth $7,021,000 after purchasing an additional 20,180 shares in the last quarter. Ossiam raised its position in shares of Palantir Technologies by 27.7% during the 4th quarter. Ossiam now owns 47,193 shares of the company's stock worth $3,569,000 after purchasing an additional 10,226 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Palantir Technologies by 317.9% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 227,222 shares of the company's stock valued at $17,185,000 after buying an additional 172,854 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 5.9 %

Shares of NASDAQ PLTR traded up $6.00 on Thursday, hitting $106.82. The company had a trading volume of 67,572,200 shares, compared to its average volume of 73,435,262. Palantir Technologies Inc. has a 12-month low of $20.50 and a 12-month high of $125.41. The firm has a market capitalization of $250.52 billion, a P/E ratio of 560.04, a PEG ratio of 10.84 and a beta of 2.74. The business has a 50 day moving average of $89.81 and a two-hundred day moving average of $75.91.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price for the company. 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. Citigroup boosted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Finally, Bank of America raised their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $74.71.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 18,537 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $102.32, for a total value 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. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 in the last 90 days. 12.93% of the stock is owned by company 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.