20,000 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $1,513,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC grew its position in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC bought a new stake in Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC grew its position in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the period. Finally, HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 5.2 %

Shares of NASDAQ:PLTR opened at $106.27 on Friday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a 50-day moving average price of $85.36 and a 200 day moving average price of $58.84. The company has a market cap of $242.09 billion, a price-to-earnings ratio of 559.35, a PEG ratio of 11.52 and a beta of 2.81.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 5,250,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $52,755,242.88. This represents a 87.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,680,992 shares of company stock valued at $473,395,877 in the last ninety days. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLTR. Citigroup boosted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Bank of America boosted 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. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.21.

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.