Hudson Value Partners LLC Takes $219,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Hudson Value Partners LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,889 shares of the company’s stock, valued at approximately $219,000.

Other large investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its position in Palantir Technologies by 21.1% in the 3rd quarter. Capital Investment Advisors LLC now owns 13,737 shares of the company’s stock worth $511,000 after buying an additional 2,394 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Palantir Technologies by 227.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock worth $4,546,000 after acquiring an additional 84,856 shares during the last quarter. Castleview Partners LLC raised its holdings in shares of Palantir Technologies by 1,863.6% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the company’s stock worth $72,000 after acquiring an additional 1,845 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies during the third quarter valued at $25,000. Finally, Whittier Trust Co. grew its stake in Palantir Technologies by 1.1% in the third quarter. Whittier Trust Co. now owns 57,526 shares of the company’s stock valued at $2,140,000 after purchasing an additional 600 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PLTR shares. DA Davidson lifted their price target on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Citigroup lifted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. UBS Group raised their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Trading Up 4.6 %

Shares of PLTR stock opened at $124.62 on Wednesday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.00. The company has a market capitalization of $283.89 billion, a P/E ratio of 655.93, a P/E/G ratio of 12.25 and a beta of 2.81. The stock has a 50 day moving average of $83.91 and a two-hundred day moving average of $58.13.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 1,620,395 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $406,583,028.18. This trade represents a 20.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were 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 owns 592 shares in the company, valued at $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,301,387 shares of company stock worth $575,821,045 over the last 90 days. Corporate 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.