Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 275,485 shares of the company's stock after buying an additional 5,626 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Palantir Technologies were worth $20,835,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Roxbury Financial LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares in the last quarter. HighMark Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PLTR shares. Wedbush restated an "outperform" rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Mizuho boosted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. DA Davidson cut their price objective on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Finally, Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $74.71.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred 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 completion of the sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,989,975 shares of company stock worth $253,328,090. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 4.6 %

Shares of Palantir Technologies stock opened at $112.78 on Monday. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $125.41. The business's 50-day moving average price is $89.34 and its 200-day moving average price is $77.35. The firm has a market capitalization of $264.51 billion, a PE ratio of 593.61, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.