Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 59.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 172,682 shares of the company's stock after buying an additional 64,409 shares during the period. Palantir Technologies accounts for approximately 1.8% of EFG Asset Management North America Corp.'s holdings, making the stock its 6th biggest holding. EFG Asset Management North America Corp.'s holdings in Palantir Technologies were worth $13,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Westover Capital Advisors LLC increased its position in shares of Palantir Technologies by 1.8% in the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock worth $554,000 after acquiring an additional 130 shares in the last quarter. Tritonpoint Wealth LLC increased its holdings in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after purchasing an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC raised its position in Palantir Technologies by 2.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after purchasing an additional 139 shares during the period. Truvestments Capital LLC lifted its stake in shares of Palantir Technologies by 1.2% during the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company's stock worth $931,000 after purchasing an additional 142 shares in the last quarter. Finally, RKL Wealth Management LLC boosted its position in shares of Palantir Technologies by 2.7% in the fourth quarter. RKL Wealth Management LLC now owns 5,689 shares of the company's stock worth $430,000 after buying an additional 150 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction 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 directly owns 592 shares of the company's stock, valued at approximately $48,988. This represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now owns 170,273 shares of the company's stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,379,785 shares of company stock worth $281,528,938. Company insiders own 12.93% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of several analyst reports. Robert W. Baird raised their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Mizuho upped their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Bank of America upped their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $74.45.

Palantir Technologies Stock Down 4.7 %

PLTR traded down $4.24 during trading on Friday, reaching $85.85. The stock had a trading volume of 90,823,164 shares, compared to its average volume of 67,978,339. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The stock has a 50 day moving average of $91.98 and a two-hundred day moving average of $69.04. The firm has a market capitalization of $201.35 billion, a price-to-earnings ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

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.