UNICOM Systems Inc. Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

UNICOM Systems Inc. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, Holdings Channel.com reports. The fund purchased 177,537 shares of the company’s stock, valued at approximately $13,427,000. Palantir Technologies makes up about 3.3% of UNICOM Systems Inc.’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. JSF Financial LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $223,000. Weatherly Asset Management L. P. bought a new stake in Palantir Technologies during the 4th quarter worth approximately $255,000. Wealthcare Capital Partners LLC bought a new position in Palantir Technologies in the 4th quarter valued at $409,000. True Vision MN LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $541,000. Finally, Latitude Advisors LLC bought a new stake in Palantir Technologies during the fourth quarter valued at $410,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLTR shares. 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 research note on Tuesday, February 4th. Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.44.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.10, for a total value of $283,950,000.00. Following the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $405,875,479.80. This represents a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,656,687 shares of company stock worth $1,040,105,687 over the last three months. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $116.65 on Tuesday. The company has a market capitalization of $265.73 billion, a price-to-earnings ratio of 613.98, a PEG ratio of 11.44 and a beta of 2.81. The stock has a 50-day moving average of $78.34 and a 200 day moving average of $54.24. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $116.76.

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.