Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 10,400 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,723 shares of the company’s stock after selling 10,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Palantir Technologies were worth $25,391,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Delta Financial Group Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter worth $272,000. Ascent Wealth Partners LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $257,000. Cabot Wealth Management Inc. purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $272,000. Benningfield Financial Advisors LLC purchased a new position in Palantir Technologies during the fourth quarter worth approximately $15,885,000. Finally, Howard Capital Management Inc. raised its position in Palantir Technologies by 4.4% in the fourth quarter. Howard Capital Management Inc. now owns 11,667 shares of the company’s stock valued at $882,000 after purchasing an additional 487 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 5,250,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the transaction, the insider now directly owns 752,786 shares in the company, valued at $52,755,242.88. This trade represents a 87.46 % 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 quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $101.33 on Friday. The firm has a market capitalization of $230.84 billion, a PE ratio of 533.36, a P/E/G ratio of 10.84 and a beta of 2.81. The company’s 50-day moving average is $85.87 and its 200-day moving average is $59.60. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. Citigroup lifted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. UBS Group upped 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. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Bank of America increased their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.21.

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.