Vinva Investment Management Ltd Purchases 25,261 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Vinva Investment Management Ltd grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 367.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,139 shares of the company's stock after acquiring an additional 25,261 shares during the quarter. Vinva Investment Management Ltd's holdings in Palantir Technologies were worth $2,480,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $264,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Palantir Technologies by 5.5% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 19,139 shares of the company's stock worth $1,447,000 after purchasing an additional 990 shares during the period. Brooklyn FI LLC lifted its holdings in Palantir Technologies by 5,296.8% in the fourth quarter. Brooklyn FI LLC now owns 475,456 shares of the company's stock worth $35,959,000 after purchasing an additional 466,646 shares during the period. Forbes Financial Planning Inc. acquired a new stake in Palantir Technologies in the fourth quarter worth about $209,000. Finally, Xponance Inc. lifted its holdings in Palantir Technologies by 3.2% in the fourth quarter. Xponance Inc. now owns 461,920 shares of the company's stock worth $34,935,000 after purchasing an additional 14,450 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company's stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is owned by company insiders.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on PLTR shares. UBS Group upped their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Cantor Fitzgerald upped their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.45.

Palantir Technologies Stock Performance

Shares of PLTR traded up $3.57 during mid-day trading on Friday, hitting $90.96. The company's stock had a trading volume of 116,457,235 shares, compared to its average volume of 66,074,501. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market capitalization of $213.33 billion, a PE ratio of 478.76, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The stock's 50-day moving average is $89.55 and its two-hundred day moving average is $67.18.

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.