Palantir Technologies Inc. (NASDAQ:PLTR) is Harvest Investment Services LLC’s 3rd Largest Position

Harvest Investment Services LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 25.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,148 shares of the company’s stock after purchasing an additional 25,516 shares during the quarter. Palantir Technologies makes up about 2.4% of Harvest Investment Services LLC’s portfolio, making the stock its 3rd biggest holding. Harvest Investment Services LLC’s holdings in Palantir Technologies were worth $9,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. grew its holdings 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 purchasing an additional 448 shares during the period. Diversify Wealth Management LLC purchased a new position in Palantir Technologies in the fourth quarter worth approximately $876,000. Destiny Wealth Partners LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at $3,233,000. Kieckhefer Group LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $11,769,000. Finally, Grange Capital LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $5,829,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $90.80 on Tuesday. The business has a fifty day moving average of $90.65 and a 200-day moving average of $75.61. The firm has a market cap of $212.96 billion, a PE ratio of 477.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a twelve month low of $20.36 and a twelve month high of $125.41.

Analyst Ratings Changes

PLTR has been the subject of several recent research reports. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Citigroup increased their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. DA Davidson dropped their price target on shares of Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, UBS Group boosted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.71.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last quarter. Corporate insiders own 12.93% of the company’s stock.

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.