Allianz SE Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Allianz SE acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,300 shares of the company’s stock, valued at approximately $486,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Heritage Wealth Management Inc. CA lifted its holdings in Palantir Technologies by 0.4% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock worth $2,195,000 after purchasing an additional 111 shares during the last quarter. Westover Capital Advisors LLC boosted its holdings in Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after acquiring an additional 130 shares during the period. Tritonpoint Wealth LLC grew its position in shares of Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its position in shares of Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in Palantir Technologies by 1.2% during the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock valued at $931,000 after purchasing an additional 142 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. Bank of America lifted their price target 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. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, UBS Group lifted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.45.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at $51,545.44. This trade represents a 99.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Down 4.7 %

Shares of NASDAQ PLTR opened at $85.85 on Monday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The firm’s 50-day moving average is $91.98 and its 200-day moving average is $69.53. The firm has a market capitalization of $201.35 billion, a PE ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

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.