Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,096 shares of the company’s stock after selling 16,541 shares during the period. APG Asset Management N.V.’s holdings in Palantir Technologies were worth $7,676,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Geode Capital Management LLC raised its position in Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Norges Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $1,360,191,000. FMR LLC raised its holdings in Palantir Technologies by 22.6% in the fourth quarter. FMR LLC now owns 15,296,371 shares of the company’s stock valued at $1,156,864,000 after acquiring an additional 2,818,090 shares in the last quarter. Invesco Ltd. lifted its stake in Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after acquiring an additional 3,509,311 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Palantir Technologies by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company’s stock worth $986,431,000 after acquiring an additional 655,815 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $88.55 on Friday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company has a fifty day moving average of $92.81 and a 200-day moving average of $73.02. The stock has a market capitalization of $207.68 billion, a PE ratio of 466.08, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PLTR. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average target price of $75.19.

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.