Azimuth Capital Investment Management LLC Purchases 1,350 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Azimuth Capital Investment Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.0% during the 4th quarter, Holdings Channel reports. The fund owned 12,600 shares of the company’s stock after purchasing an additional 1,350 shares during the period. Azimuth Capital Investment Management LLC’s holdings in Palantir Technologies were worth $953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the 4th quarter valued at $28,000. Wolff Wiese Magana LLC boosted its position in Palantir Technologies by 230.4% during the 4th 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 boosted its position in Palantir Technologies by 73.5% during the 4th 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 stake in shares of Palantir Technologies during the 4th quarter valued at $31,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 19.0 %

NASDAQ:PLTR opened at $92.01 on Thursday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The stock has a market capitalization of $215.80 billion, a PE ratio of 484.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The stock’s 50-day moving average price is $93.02 and its 200-day moving average price is $72.30.

Insider Activity

In related news, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the sale, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. The trade was a 19.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock worth $253,328,090 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Northland Securities increased their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Morgan Stanley upgraded 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 report on Tuesday, February 4th. Wedbush reiterated an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Cantor Fitzgerald increased their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective for the company. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.19.

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.