Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Aspect Partners LLC

Aspect Partners LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 262.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,087 shares of the company’s stock after acquiring an additional 787 shares during the period. Aspect Partners LLC’s holdings in Palantir Technologies were worth $82,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Zullo Investment Group Inc. lifted its position in shares of Palantir Technologies by 9.4% during the fourth quarter. Zullo Investment Group Inc. now owns 8,684 shares of the company’s stock worth $657,000 after purchasing an additional 746 shares in the last quarter. Sunpointe LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $246,000. Corps Capital Advisors LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $809,000. Ieq Capital LLC boosted its position in Palantir Technologies by 55.5% in the 4th quarter. Ieq Capital LLC now owns 241,110 shares of the company’s stock valued at $18,235,000 after buying an additional 86,064 shares during the period. Finally, TBH Global Asset Management LLC grew its stake in shares of Palantir Technologies by 12.0% in the fourth quarter. TBH Global Asset Management LLC now owns 10,595 shares of the company’s stock worth $801,000 after acquiring an additional 1,132 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 1,620,395 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $406,583,028.18. The trade was a 20.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,301,387 shares of company stock worth $575,821,045. 12.93% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $112.06 on Thursday. The stock has a market capitalization of $255.27 billion, a price-to-earnings ratio of 589.82, a PEG ratio of 12.81 and a beta of 2.81. The firm’s fifty day simple moving average is $84.70 and its 200-day simple moving average is $58.51. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group increased their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Citigroup lifted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. UBS Group lifted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.44.

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.