Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 335,723 shares of the company’s stock after selling 10,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Palantir Technologies were worth $25,391,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Palantir Technologies by 227.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock valued at $4,546,000 after purchasing an additional 84,856 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Palantir Technologies by 80.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after purchasing an additional 16,469 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in Palantir Technologies by 73.1% in the 3rd quarter. Silver Oak Securities Incorporated now owns 17,389 shares of the company’s stock worth $641,000 after purchasing an additional 7,343 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Palantir Technologies by 38.5% in the 3rd quarter. Ballentine Partners LLC now owns 17,095 shares of the company’s stock worth $636,000 after acquiring an additional 4,756 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of Palantir Technologies by 5.7% in the 3rd quarter. Lake Street Advisors Group LLC now owns 25,931 shares of the company’s stock worth $965,000 after acquiring an additional 1,390 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 5,250,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the transaction, the insider now owns 752,786 shares of the company’s stock, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,680,992 shares of company stock worth $473,395,877 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America increased their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. UBS Group raised their target price 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, Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.21.

Palantir Technologies Trading Down 4.6 %

PLTR stock opened at $101.33 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 market cap of $230.84 billion, a PE ratio of 533.36, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The stock has a 50-day moving average price of $85.87 and a two-hundred day moving average price of $59.60.

Palantir Technologies Company 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.