Allianz SE Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Allianz SE acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,300 shares of the company’s stock, valued at approximately $486,000.

A number of other hedge funds also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in shares of Palantir Technologies during the third quarter valued at approximately $1,221,000. Townsquare Capital LLC grew its position in Palantir Technologies by 87.9% in the 3rd quarter. Townsquare Capital LLC now owns 38,006 shares of the company’s stock valued at $1,414,000 after acquiring an additional 17,775 shares during the last quarter. Glenmede Trust Co. NA boosted its position in Palantir Technologies by 87.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 21,558 shares of the company’s stock valued at $802,000 after buying an additional 10,040 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Palantir Technologies by 4.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 459,494 shares of the company’s stock worth $17,093,000 after acquiring an additional 19,036 shares during the period. Finally, Public Sector Pension Investment Board bought a new stake in shares of Palantir Technologies during the third quarter valued at approximately $3,207,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PLTR. DA Davidson upped their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Robert W. Baird lifted their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, 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 research report on Wednesday, February 5th. Five 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. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $74.45.

Insider Buying and Selling

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 4.7 %

Palantir Technologies stock opened at $85.85 on Monday. The firm’s 50-day simple moving average is $91.98 and its 200 day simple moving average is $69.53. The firm has a market capitalization of $201.35 billion, a PE ratio of 451.87, a P/E/G ratio of 10.84 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.

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.