Elo Mutual Pension Insurance Co Reduces Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Elo Mutual Pension Insurance Co lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 197,805 shares of the company’s stock after selling 9,242 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Palantir Technologies were worth $14,962,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Prestige Wealth Management Group LLC increased its position in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the 4th quarter worth about $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC raised its stake 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 period. Finally, HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $92.28 on Thursday. The firm has a 50 day simple moving average of $91.28 and a two-hundred day simple moving average of $68.54. The stock has a market cap of $216.43 billion, a PE ratio of 485.71, a P/E/G 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.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the sale, the insider now owns 702,786 shares of the company’s stock, valued at $64,958,509.98. The trade was a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLTR shares. Robert W. Baird lifted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Wedbush reissued an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a report on Monday, March 3rd. Loop Capital cut their price target on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, UBS Group boosted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. 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 company. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $74.45.

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.