Aljian Capital Management LLC Buys 2,973 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Aljian Capital Management LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,891 shares of the company’s stock after acquiring an additional 2,973 shares during the quarter. Palantir Technologies comprises approximately 0.7% of Aljian Capital Management LLC’s holdings, making the stock its 21st biggest position. Aljian Capital Management LLC’s holdings in Palantir Technologies were worth $3,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC raised its holdings in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Palantir Technologies in the fourth quarter worth about $33,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 4.2 %

Shares of PLTR stock opened at $117.39 on Thursday. The stock has a market capitalization of $267.42 billion, a price-to-earnings ratio of 617.87, a P/E/G ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $118.66. The stock has a fifty day simple moving average of $80.12 and a two-hundred day simple moving average of $55.28.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 38,093 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $405,296,576.58. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the transaction, the director now directly owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. The trade was a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,833,085 shares of company stock worth $924,999,929 in the last three months. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PLTR shares. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. 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. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group raised their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $69.44.

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.