WINTON GROUP Ltd Has $1.26 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

WINTON GROUP Ltd lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 34.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,596 shares of the company’s stock after buying an additional 4,230 shares during the quarter. WINTON GROUP Ltd’s holdings in Palantir Technologies were worth $1,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mather Group LLC. raised its stake in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 448 shares during the last quarter. Diversify Wealth Management LLC bought a new position in Palantir Technologies in the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter worth $3,233,000. Coldstream Capital Management Inc. bought a new position in Palantir Technologies in the 3rd quarter valued at $639,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $11,769,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 2.4 %

Palantir Technologies stock opened at $90.09 on Friday. The company has a 50 day moving average of $91.70 and a 200-day moving average of $68.69. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The stock has a market capitalization of $211.29 billion, a PE ratio of 474.18, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at $48,988. The trade was a 99.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research reports. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. Bank of America boosted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average 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.