Schnieders Capital Management LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Schnieders Capital Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,300 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Palantir Technologies by 80.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after purchasing an additional 16,469 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Palantir Technologies by 5.0% in the third quarter. Nisa Investment Advisors LLC now owns 251,320 shares of the company’s stock valued at $9,349,000 after acquiring an additional 11,920 shares during the last quarter. Pallas Capital Advisors LLC bought a new position in Palantir Technologies in the third quarter valued at about $199,000. abrdn plc boosted its holdings in Palantir Technologies by 124.0% in the third quarter. abrdn plc now owns 611,142 shares of the company’s stock valued at $22,646,000 after acquiring an additional 338,260 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Palantir Technologies by 83.0% in the third quarter. Diversify Advisory Services LLC now owns 19,042 shares of the company’s stock valued at $708,000 after acquiring an additional 8,638 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. Royal Bank of Canada raised their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Cantor Fitzgerald raised their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Citigroup raised their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, DA Davidson raised their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $73.21.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the transaction, the insider now directly owns 702,786 shares of the company’s stock, valued at approximately $64,958,509.98. The trade was a 4.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,719,783 shares of company stock valued at $477,414,743 in the last 90 days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $89.31 on Thursday. The firm has a market cap of $203.45 billion, a PE ratio of 470.08, 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. The business’s 50 day simple moving average is $86.79 and its 200 day simple moving average is $60.88.

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.