NEOS Investment Management LLC Buys New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

NEOS Investment Management LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 258,157 shares of the company's stock, valued at approximately $19,524,000.

A number of other large investors have also modified their holdings of the stock. Mather Group LLC. grew its stake in Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock worth $67,000 after purchasing an additional 448 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $876,000. Destiny Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $3,233,000. Coldstream Capital Management Inc. acquired a new position in Palantir Technologies in the third quarter worth $639,000. Finally, Kieckhefer Group LLC bought a new stake in Palantir Technologies during the fourth quarter valued at $11,769,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded down $4.24 during mid-day trading on Friday, reaching $85.85. The company had a trading volume of 90,823,164 shares, compared to its average volume of 67,978,339. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The stock's 50 day moving average is $91.98 and its 200-day moving average is $69.28. The stock has a market capitalization of $201.35 billion, a PE ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

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Insider Buying and Selling at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock worth $281,528,938 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on PLTR shares. Northland Securities lifted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Citigroup boosted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Royal Bank of Canada increased their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Wedbush reissued an "outperform" rating and set a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. Finally, Bank of America raised their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $74.45.

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.