Public Employees Retirement Association of Colorado Purchases 5,626 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Public Employees Retirement Association of Colorado boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,485 shares of the company's stock after buying an additional 5,626 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Palantir Technologies were worth $20,835,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on PLTR shares. 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 report on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. Wedbush restated an "outperform" rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley lowered their price target on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $74.71.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the business'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 directly owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Up 6.7 %

Shares of Palantir Technologies stock traded up $7.74 during trading on Friday, hitting $123.94. The stock had a trading volume of 76,331,688 shares, compared to its average volume of 75,101,124. The stock has a 50 day simple moving average of $90.44 and a 200 day simple moving average of $78.89. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41. The company has a market capitalization of $290.68 billion, a PE ratio of 652.91, a P/E/G ratio of 10.84 and a beta of 2.74.

Palantir Technologies 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.