one8zero8 LLC Acquires New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

one8zero8 LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 45,935 shares of the company's stock, valued at approximately $3,474,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Prestige Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the fourth quarter worth about $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC raised its holdings in Palantir Technologies by 230.4% in the fourth 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. Finally, HighMark Wealth Management LLC raised its holdings in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,069,785 shares of company stock worth $254,537,238. Corporate insiders own 12.93% of the company's stock.

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Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Royal Bank of Canada boosted their target price 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. Northland Securities boosted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. DA Davidson upped their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Citigroup upped their price objective 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $74.45.

Palantir Technologies Trading Up 2.6 %

Palantir Technologies stock traded up $2.21 during mid-day trading on Wednesday, hitting $86.10. The company had a trading volume of 89,350,980 shares, compared to its average volume of 65,255,866. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The company's fifty day moving average is $88.34 and its 200-day moving average is $66.23. The company has a market capitalization of $201.94 billion, a price-to-earnings ratio of 453.18, a P/E/G ratio of 10.84 and a beta of 2.81.

Palantir Technologies 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.