Los Angeles Capital Management LLC Boosts Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Los Angeles Capital Management LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 163.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 823,423 shares of the company’s stock after purchasing an additional 511,065 shares during the period. Los Angeles Capital Management LLC’s holdings in Palantir Technologies were worth $62,275,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC grew its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares in the last quarter. HighMark Wealth Management LLC grew its stake in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTR. Northland Securities boosted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Finally, Bank of America lifted their target price 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. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.21.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total value of $2,772,900.00. Following the sale, the insider now directly owns 702,786 shares of the company’s stock, valued at $64,958,509.98. This represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the completion of the transaction, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,719,783 shares of company stock valued at $477,414,743 in the last three months. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $90.68 on Tuesday. The firm’s 50-day moving average price is $86.17 and its 200-day moving average price is $60.27. The company has a market capitalization of $206.57 billion, a PE ratio of 477.29, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

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.