Howland Capital Management LLC Buys New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Howland Capital Management LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,750 shares of the company’s stock, valued at approximately $435,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC raised its holdings in Palantir Technologies by 17.2% during the 3rd quarter. CWM LLC now owns 112,897 shares of the company’s stock valued at $4,200,000 after buying an additional 16,552 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in Palantir Technologies by 298.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,519 shares of the company’s stock valued at $577,000 after acquiring an additional 11,629 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Palantir Technologies by 1.9% in the third quarter. Valeo Financial Advisors LLC now owns 36,853 shares of the company’s stock valued at $1,371,000 after acquiring an additional 676 shares during the period. Silverlake Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter worth about $205,000. Finally, CRA Financial Services LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter worth about $201,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. Citigroup raised their price objective 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. Mizuho raised their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group upped their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Finally, Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $69.44.

Palantir Technologies Price Performance

PLTR opened at $110.85 on Monday. The firm has a market capitalization of $252.52 billion, a PE ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The business’s 50-day moving average is $77.34 and its two-hundred day moving average is $53.42. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $116.30.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the sale, the director now owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,656,687 shares of company stock valued at $1,040,105,687 in the last 90 days. Insiders own 12.93% of the company’s stock.

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.