Victory Capital Management Inc. Boosts Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Victory Capital Management Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 149.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,705,410 shares of the company’s stock after purchasing an additional 1,022,662 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Palantir Technologies worth $128,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies in the 4th quarter worth 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 during the last quarter. HighMark Wealth Management LLC lifted its stake in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $31,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $42,002.40. The trade was a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,439,783 shares of company stock worth $107,497,043. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of several analyst reports. Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Bank of America upped their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Finally, Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $74.79.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $90.13 on Thursday. The stock has a market cap of $211.39 billion, a price-to-earnings ratio of 474.39, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The business’s 50-day simple moving average is $87.34 and its 200 day simple moving average is $62.79.

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.