Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Decreased by Generali Powszechne Towarzystwo Emerytalne

Generali Powszechne Towarzystwo Emerytalne cut its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 68.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,701 shares of the company’s stock after selling 730,694 shares during the period. Palantir Technologies accounts for 8.5% of Generali Powszechne Towarzystwo Emerytalne’s holdings, making the stock its largest position. Generali Powszechne Towarzystwo Emerytalne’s holdings in Palantir Technologies were worth $25,468,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MIG Capital LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $341,000. Quadrant Capital Group LLC lifted its stake in shares of Palantir Technologies by 158.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,265 shares of the company’s stock worth $398,000 after buying an additional 3,224 shares in the last quarter. Cascades Capital Asset Management LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $294,000. Russell Investments Group Ltd. grew its stake in Palantir Technologies by 20.7% during the 4th quarter. Russell Investments Group Ltd. now owns 706,487 shares of the company’s stock valued at $53,494,000 after acquiring an additional 121,312 shares in the last quarter. Finally, Hurley Capital LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $49,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Daiwa Capital Markets assumed coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price on the stock. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Royal Bank of Canada lifted their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $75.19.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares of the company’s stock, valued at $33,382,558.80. This trade represents a 19.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,993,175 shares of company stock worth $253,549,610 over the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 11.5 %

PLTR opened at $74.01 on Friday. The stock’s 50-day moving average price is $92.67 and its 200 day moving average price is $70.93. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm has a market cap of $173.58 billion, a price-to-earnings ratio of 389.55, a PEG ratio of 10.84 and a beta of 2.74.

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.