4,667 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by AXQ Capital LP

AXQ Capital LP bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,667 shares of the company’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC boosted its stake in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction 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 directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 310,000 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $51,545.44. This trade represents a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,379,785 shares of company stock worth $281,528,938. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $90.96 on Monday. The company has a market cap of $213.33 billion, a P/E ratio of 478.76, a P/E/G ratio of 10.84 and a beta of 2.81. The firm’s fifty day moving average is $89.55 and its two-hundred day moving average is $67.44. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PLTR shares. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. UBS Group lifted their price target 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. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Citigroup lifted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.45.

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.