Vision Financial Markets LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Vision Financial Markets LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 967 shares of the company’s stock, valued at approximately $73,000.

Several other large investors have also recently bought and sold shares of PLTR. Farther Finance Advisors LLC lifted its holdings in Palantir Technologies by 13.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock worth $476,000 after buying an additional 1,514 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Palantir Technologies by 39.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 901,428 shares of the company’s stock worth $33,533,000 after buying an additional 252,830 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in Palantir Technologies by 21.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 19,476 shares of the company’s stock worth $725,000 after buying an additional 3,457 shares in the last quarter. Gulf International Bank UK Ltd lifted its stake in shares of Palantir Technologies by 6.7% in the 3rd quarter. Gulf International Bank UK Ltd now owns 159,879 shares of the company’s stock valued at $5,947,000 after purchasing an additional 9,982 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of Palantir Technologies by 211.1% in the 3rd quarter. Amalgamated Bank now owns 423,082 shares of the company’s stock valued at $15,739,000 after purchasing an additional 287,100 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 6.8 %

PLTR stock opened at $90.13 on Thursday. The stock has a 50-day moving average price of $87.34 and a two-hundred day moving average price of $62.79. The stock has a market cap of $211.39 billion, a PE ratio of 474.39, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41.

Insider Activity

In other news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the sale, the director now owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,439,783 shares of company stock worth $107,497,043 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PLTR shares. The Goldman Sachs Group increased their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wedbush reissued an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research note on Monday. Royal Bank of Canada increased their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $95.00 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $74.79.

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.