BOS Asset Management LLC Takes $214,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

BOS Asset Management LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,826 shares of the company's stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Roxbury Financial LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% during 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 period. HighMark Wealth Management LLC raised its holdings in 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 purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $31,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

PLTR traded up $7.90 on Wednesday, reaching $101.89. The company had a trading volume of 86,121,007 shares, compared to its average volume of 73,200,496. Palantir Technologies Inc. has a 52-week low of $20.50 and a 52-week high of $125.41. The company has a market cap of $238.97 billion, a price-to-earnings ratio of 536.29, a P/E/G ratio of 10.84 and a beta of 2.74. The business has a 50 day simple moving average of $90.17 and a 200 day simple moving average of $75.74.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. UBS Group lifted their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Northland Securities lifted 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 note on Tuesday, February 4th. Bank of America raised their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird increased their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $74.71.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's 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 transaction, the insider now directly owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the firm's 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 owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,989,975 shares of company stock worth $253,328,090. 12.93% of the stock is currently owned by corporate insiders.

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.