UniSuper Management Pty Ltd Purchases 11,352 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

UniSuper Management Pty Ltd lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,352 shares of the company’s stock after purchasing an additional 11,352 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Palantir Technologies were worth $9,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sava Infond d.o.o. bought a new position in Palantir Technologies during the fourth quarter worth about $189,000. WINTON GROUP Ltd lifted its holdings in shares of Palantir Technologies by 34.2% during the 4th quarter. WINTON GROUP Ltd now owns 16,596 shares of the company’s stock valued at $1,255,000 after purchasing an additional 4,230 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Palantir Technologies by 11.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,537,419 shares of the company’s stock valued at $282,604,000 after purchasing an additional 359,167 shares during the period. Korea Investment CORP increased its stake in Palantir Technologies by 24.4% during the 4th quarter. Korea Investment CORP now owns 1,432,742 shares of the company’s stock worth $108,358,000 after purchasing an additional 281,200 shares in the last quarter. Finally, Arlington Capital Management Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $496,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLTR. Wedbush reiterated an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. DA Davidson increased their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Cantor Fitzgerald lifted their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Royal Bank of Canada upped their price objective on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Finally, Northland Securities increased their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $74.45.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $90.09 on Friday. The stock has a 50-day simple moving average of $91.70 and a 200 day simple moving average of $68.69. The stock has a market capitalization of $211.29 billion, a P/E ratio of 474.18, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41.

About Palantir Technologies

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.