Forsta AP Fonden Has $40.38 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Forsta AP Fonden grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 533,900 shares of the company’s stock after buying an additional 22,900 shares during the quarter. Forsta AP Fonden’s holdings in Palantir Technologies were worth $40,379,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies during the third quarter worth $25,000. Prestige Wealth Management Group LLC grew its holdings in shares of 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 last quarter. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $28,000. Wolff Wiese Magana LLC lifted its holdings in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in Palantir Technologies in the second quarter valued at about $30,000. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the completion of the transaction, the director now directly owns 130,250 shares in the company, valued at approximately $6,576,322.50. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,181,807 shares of company stock worth $1,288,448,522. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a research note on Thursday, November 7th. Mizuho increased their target price on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. Wedbush lifted their price target on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Northland Securities upped their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.61.

Palantir Technologies Trading Up 6.3 %

NASDAQ PLTR opened at $80.23 on Wednesday. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company has a market capitalization of $182.77 billion, a PE ratio of 401.17, a P/E/G ratio of 7.08 and a beta of 2.82. The stock has a 50-day simple moving average of $72.59 and a 200 day simple moving average of $49.89.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same period last year, the company posted $0.03 EPS. Palantir Technologies’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

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.