Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Cromwell Holdings LLC

Cromwell Holdings LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 41.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,571 shares of the company’s stock after acquiring an additional 1,053 shares during the period. Cromwell Holdings LLC’s holdings in Palantir Technologies were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in Palantir Technologies by 227.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock worth $4,546,000 after purchasing an additional 84,856 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Palantir Technologies during the 3rd quarter worth about $62,000. Eastern Bank purchased a new stake in Palantir Technologies during the 3rd quarter worth about $112,000. Waldron Private Wealth LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $294,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Palantir Technologies during the 3rd quarter worth about $284,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 5.2 %

NASDAQ:PLTR opened at $106.27 on Friday. The stock’s 50 day moving average price is $85.36 and its 200 day moving average price is $58.84. The company has a market capitalization of $242.09 billion, a PE ratio of 559.35, a P/E/G ratio of 11.52 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Mizuho increased their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Citigroup increased their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Bank of America increased their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $73.21.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $42,002.40. This trade represents a 99.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 $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 sold 6,680,992 shares of company stock valued at $473,395,877 in the last three months. 12.93% of the stock is currently owned by company insiders.

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.