Generali Investments Management Co LLC Purchases New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Generali Investments Management Co LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 62,685 shares of the company’s stock, valued at approximately $4,741,000. Palantir Technologies accounts for approximately 1.2% of Generali Investments Management Co LLC’s investment portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC boosted its position in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC boosted its position in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. UBS Group increased their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald increased their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Finally, DA Davidson increased their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $83.89 on Wednesday. The stock’s 50 day simple moving average is $88.34 and its 200 day simple moving average is $66.23. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a market capitalization of $196.75 billion, a price-to-earnings ratio of 441.55, a PEG ratio of 10.84 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $48,988. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,069,785 shares of company stock valued at $254,537,238. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies 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.