Berkshire Capital Holdings Inc. Acquires 125,770 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Berkshire Capital Holdings Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1,257,700.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,780 shares of the company's stock after acquiring an additional 125,770 shares during the quarter. Palantir Technologies comprises approximately 3.4% of Berkshire Capital Holdings Inc.'s holdings, making the stock its 14th largest position. Berkshire Capital Holdings Inc.'s holdings in Palantir Technologies were worth $9,513,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its position in Palantir Technologies by 96.4% during the third quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after acquiring an additional 40,498,024 shares during the period. Geode Capital Management LLC increased its holdings in Palantir Technologies by 52.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock valued at $1,777,568,000 after buying an additional 16,598,253 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Palantir Technologies by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company's stock valued at $986,431,000 after buying an additional 655,815 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Palantir Technologies by 10.9% in the 4th quarter. Bank of New York Mellon Corp now owns 12,843,672 shares of the company's stock worth $971,367,000 after purchasing an additional 1,262,479 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Palantir Technologies by 8.8% in the 3rd quarter. FMR LLC now owns 12,478,281 shares of the company's stock worth $464,192,000 after purchasing an additional 1,004,603 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 483,987 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the transaction, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 310,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.07, for a total value of $26,991,700.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $51,545.44. The trade was a 99.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 4.1 %

Shares of PLTR traded up $3.57 during midday trading on Friday, reaching $90.96. 116,457,235 shares of the stock were exchanged, compared to its average volume of 66,074,501. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a market cap of $213.33 billion, a P/E ratio of 478.76, a PEG ratio of 10.84 and a beta of 2.81. The stock's 50 day simple moving average is $89.55 and its 200 day simple moving average is $67.44.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PLTR shares. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Citigroup increased their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Bank of America increased their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Wedbush reaffirmed an "outperform" rating and set a $120.00 price target on shares of Palantir Technologies in a research note on Monday, March 3rd. Finally, Robert W. Baird raised their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $74.45.

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.