Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Berkshire Capital Holdings Inc.

Berkshire Capital Holdings Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1,257,700.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 125,780 shares of the company’s stock after purchasing an additional 125,770 shares during the period. Palantir Technologies accounts for approximately 3.4% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 14th biggest holding. Berkshire Capital Holdings Inc.’s holdings in Palantir Technologies were worth $9,513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. increased its position in shares of Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after purchasing an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $876,000. Destiny Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $3,233,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Palantir Technologies in the 3rd quarter worth about $639,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLTR. DA Davidson boosted their target price 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. Northland Securities boosted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Trading Up 2.6 %

Shares of NASDAQ:PLTR opened at $86.10 on Thursday. The company has a 50 day moving average of $88.70 and a 200-day moving average of $66.37. The firm has a market cap of $201.94 billion, a P/E ratio of 453.18, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41.

About Palantir Technologies

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.