BW Gestao de Investimentos Ltda. Takes $2.87 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

BW Gestao de Investimentos Ltda. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,000 shares of the company's stock, valued at approximately $2,874,000.

Other large investors have also bought and sold shares of the company. Baird Financial Group Inc. increased its position in Palantir Technologies by 4.2% in the 4th quarter. Baird Financial Group Inc. now owns 513,305 shares of the company's stock valued at $38,821,000 after acquiring an additional 20,600 shares during the period. Baker Avenue Asset Management LP increased its holdings in Palantir Technologies by 30.0% in the fourth quarter. Baker Avenue Asset Management LP now owns 7,344 shares of the company's stock valued at $555,000 after purchasing an additional 1,696 shares during the period. Banque Transatlantique SA bought a new position in Palantir Technologies during the 4th quarter worth $4,850,000. BNP Paribas lifted its holdings in Palantir Technologies by 10.5% during the 4th quarter. BNP Paribas now owns 6,770 shares of the company's stock worth $515,000 after buying an additional 643 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Palantir Technologies by 4.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,481,386 shares of the company's stock valued at $187,666,000 after buying an additional 107,159 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were 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. The trade was a 1.29 % decrease in their ownership of the stock. 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 over the last three months. 12.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PLTR shares. Jefferies Financial Group increased their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Morgan Stanley lowered their target price on shares of Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. 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 report on Tuesday, February 4th. Finally, Wedbush reissued an "outperform" rating and issued a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $74.71.

Palantir Technologies Stock Performance

PLTR stock opened at $124.28 on Friday. The stock has a fifty day moving average of $91.17 and a 200-day moving average of $79.72. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $125.41. The company has a market capitalization of $291.48 billion, a price-to-earnings ratio of 654.14, a PEG 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.

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.