Alta Advisers Ltd Has $516,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Alta Advisers Ltd increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,822 shares of the company’s stock after purchasing an additional 1,222 shares during the period. Alta Advisers Ltd’s holdings in Palantir Technologies were worth $516,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PLTR. Roxbury Financial LLC bought a new position in Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. HighMark Wealth Management LLC grew its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 3.2 %

Palantir Technologies stock opened at $90.80 on Tuesday. Palantir Technologies Inc. has a 1-year low of $20.36 and a 1-year high of $125.41. The company has a fifty day simple moving average of $90.65 and a 200 day simple moving average of $75.61. The company has a market cap of $212.96 billion, a P/E ratio of 477.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PLTR shares. DA Davidson reduced their price objective on shares of Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald upped their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Daiwa Capital Markets began coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price on the stock. Finally, Loop Capital reaffirmed a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $74.71.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. This represents a 1.29 % 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 in the last three months. Insiders own 12.93% of the company’s stock.

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.