Aljian Capital Management LLC Increases Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Aljian Capital Management LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,891 shares of the company’s stock after buying an additional 2,973 shares during the period. Palantir Technologies makes up 0.7% of Aljian Capital Management LLC’s holdings, making the stock its 21st largest position. Aljian Capital Management LLC’s holdings in Palantir Technologies were worth $3,395,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Avestar Capital LLC increased its holdings in shares of Palantir Technologies by 91.5% during the fourth quarter. Avestar Capital LLC now owns 15,616 shares of the company’s stock valued at $1,181,000 after acquiring an additional 7,462 shares in the last quarter. MGB Wealth Management LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $278,000. Beckerman Institutional LLC acquired a new position in Palantir Technologies during the 4th quarter valued at approximately $304,000. Hemington Wealth Management raised its holdings in shares of Palantir Technologies by 51.7% in the fourth quarter. Hemington Wealth Management now owns 901 shares of the company’s stock worth $68,000 after buying an additional 307 shares during the last quarter. Finally, Ingalls & Snyder LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth $340,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLTR shares. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Robert W. Baird increased their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. UBS Group boosted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Baird R W raised Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.44.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now owns 88,129 shares of the company’s stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 38,093 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $405,296,576.58. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,833,085 shares of company stock valued at $924,999,929 over the last quarter. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 4.2 %

PLTR opened at $117.39 on Thursday. The company has a market cap of $267.42 billion, a PE ratio of 617.87, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $118.66. The company has a 50-day moving average price of $80.12 and a 200 day moving average price of $55.28.

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.