MV Capital Management Inc. Has $99,000 Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

MV Capital Management Inc. boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 43.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,304 shares of the company’s stock after acquiring an additional 393 shares during the quarter. MV Capital Management Inc.’s holdings in Palantir Technologies were worth $99,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. increased its stake in Palantir Technologies by 101.4% in the 4th 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 bought a new stake in Palantir Technologies during the fourth quarter worth about $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Coldstream Capital Management Inc. bought a new position in Palantir Technologies in the third quarter valued at approximately $639,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $11,769,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 4.7 %

Shares of NASDAQ:PLTR opened at $85.85 on Friday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm has a market cap of $201.35 billion, a P/E ratio of 451.87, a P/E/G ratio of 10.84 and a beta of 2.81. The business has a fifty day simple moving average of $91.98 and a 200 day simple moving average of $69.04.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock worth $281,528,938 over the last ninety days. Insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Royal Bank of Canada raised their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald upped their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. DA Davidson lifted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America raised their price objective on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $74.45.

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.