Aviva PLC Has $55.74 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Aviva PLC cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 40.3% during the 4th quarter, Holdings Channel reports. The firm owned 736,970 shares of the company’s stock after selling 498,112 shares during the quarter. Aviva PLC’s holdings in Palantir Technologies were worth $55,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. lifted its position in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at $876,000. Destiny Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at $3,233,000. Coldstream Capital Management Inc. acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth about $639,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth about $11,769,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

PLTR stock opened at $74.01 on Friday. The firm has a 50 day moving average price of $92.67 and a 200-day moving average price of $70.93. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm has a market capitalization of $173.58 billion, a price-to-earnings ratio of 389.55, a PEG ratio of 10.84 and a beta of 2.74.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,993,175 shares of company stock worth $253,549,610. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PLTR shares. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Citigroup upped their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a report on Monday, March 3rd. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Finally, Robert W. Baird raised their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.19.

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.