Treasurer of the State of North Carolina Acquires 42,687 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Treasurer of the State of North Carolina raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 932,029 shares of the company’s stock after buying an additional 42,687 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Palantir Technologies were worth $70,489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Legacy Financial Advisors Inc. raised its holdings in Palantir Technologies by 8.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 18,191 shares of the company’s stock valued at $1,376,000 after buying an additional 1,477 shares during the period. Colonial Trust Advisors raised its stake in shares of Palantir Technologies by 186.4% in the fourth quarter. Colonial Trust Advisors now owns 4,725 shares of the company’s stock valued at $357,000 after acquiring an additional 3,075 shares during the period. F M Investments LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $1,969,000. Bessemer Group Inc. boosted its stake in shares of Palantir Technologies by 59.0% during the 4th quarter. Bessemer Group Inc. now owns 22,364 shares of the company’s stock worth $1,691,000 after purchasing an additional 8,299 shares during the period. Finally, DRW Securities LLC grew its holdings in Palantir Technologies by 180.0% during the 4th quarter. DRW Securities LLC now owns 16,024 shares of the company’s stock valued at $1,212,000 after purchasing an additional 10,302 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Citigroup upped their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price target for the company. Finally, Northland Securities increased their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $75.19.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the sale, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 19.0 %

NASDAQ PLTR opened at $92.01 on Thursday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The company has a fifty day simple moving average of $93.02 and a two-hundred day simple moving average of $72.30. The stock has a market cap of $215.80 billion, a P/E ratio of 484.29, a P/E/G ratio of 10.84 and a beta of 2.74.

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.