Van Cleef Asset Management Inc Has $52.38 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Van Cleef Asset Management Inc lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 692,578 shares of the company’s stock after selling 4,546 shares during the period. Palantir Technologies accounts for 5.7% of Van Cleef Asset Management Inc’s portfolio, making the stock its 5th largest holding. Van Cleef Asset Management Inc’s holdings in Palantir Technologies were worth $52,380,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of Palantir Technologies by 80.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after buying an additional 16,469 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Palantir Technologies by 5.0% in the third quarter. Nisa Investment Advisors LLC now owns 251,320 shares of the company’s stock valued at $9,349,000 after acquiring an additional 11,920 shares during the period. Pallas Capital Advisors LLC acquired a new position in Palantir Technologies during the third quarter worth $199,000. abrdn plc lifted its holdings in shares of Palantir Technologies by 124.0% during the third quarter. abrdn plc now owns 611,142 shares of the company’s stock valued at $22,646,000 after acquiring an additional 338,260 shares during the period. Finally, Diversify Advisory Services LLC boosted its stake in shares of Palantir Technologies by 83.0% in the 3rd quarter. Diversify Advisory Services LLC now owns 19,042 shares of the company’s stock valued at $708,000 after purchasing an additional 8,638 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PLTR shares. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Wedbush increased their price target on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group increased their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $73.21.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $52,755,242.88. The trade was a 87.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,689,783 shares of company stock valued at $475,417,043 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $84.77 on Friday. The firm has a market capitalization of $193.11 billion, a price-to-earnings ratio of 446.18, a PEG ratio of 10.84 and a beta of 2.81. The company’s 50 day simple moving average is $87.00 and its 200 day simple moving average is $61.04. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

Palantir Technologies Company 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.