Voleon Capital Management LP Invests $6.09 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Voleon Capital Management LP bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 80,470 shares of the company's stock, valued at approximately $6,086,000.

Several other hedge funds have also recently added to or reduced their stakes in PLTR. Roxbury Financial LLC acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its holdings in 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 acquiring an additional 265 shares in the last quarter. HighMark Wealth Management LLC raised its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $31,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction on 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 transaction, the insider now directly owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares in the company, valued at $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 1.9 %

PLTR stock traded down $2.24 during midday trading on Thursday, reaching $116.20. 89,777,113 shares of the company's stock traded hands, compared to its average volume of 75,081,779. The company has a market cap of $272.53 billion, a price-to-earnings ratio of 611.61, a PEG ratio of 10.84 and a beta of 2.74. The company has a 50-day simple moving average of $90.44 and a two-hundred 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.

Analysts Set New Price Targets

Several research firms have commented on PLTR. Morgan Stanley cut their price target on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Daiwa America raised Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. DA Davidson dropped their target price on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada reissued an "underperform" rating and issued a $40.00 target price on shares of Palantir Technologies in a report on Tuesday. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $74.71.

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.