Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Raised by Carroll Investors Inc

Carroll Investors Inc boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 239,897 shares of the company’s stock after purchasing an additional 5,259 shares during the quarter. Palantir Technologies makes up 10.2% of Carroll Investors Inc’s portfolio, making the stock its 4th biggest position. Carroll Investors Inc’s holdings in Palantir Technologies were worth $18,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the 4th quarter worth about $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred 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 owns 592 shares of the company’s stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. 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 three months. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Up 4.6 %

Palantir Technologies stock opened at $92.62 on Tuesday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm has a market capitalization of $217.23 billion, a price-to-earnings ratio of 487.50, a P/E/G ratio of 10.84 and a beta of 2.74. The firm has a 50 day moving average of $92.63 and a 200 day moving average of $73.66.

Analyst Ratings Changes

A number of research firms have recently commented on PLTR. Jefferies Financial Group increased their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Bank of America boosted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. UBS Group increased their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Daiwa America raised Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Finally, William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.95.

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.