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

Arlington Capital Management Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,561 shares of the company’s stock, valued at approximately $496,000.

A number of other hedge funds also recently bought and sold shares of PLTR. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its position in shares of Palantir Technologies by 230.4% in the fourth 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. HighMark Wealth Management LLC grew its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in Palantir Technologies during the fourth quarter worth $31,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLTR has been the topic of several research reports. Northland Securities boosted their price target 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. Robert W. Baird increased their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Citigroup upped their target price 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. Finally, DA Davidson raised their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.45.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 310,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.07, for a total value of $26,991,700.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $51,545.44. The trade was a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $96.51 on Wednesday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The company’s 50 day moving average price is $90.80 and its two-hundred day moving average price is $68.37. The company has a market capitalization of $226.35 billion, a P/E ratio of 507.97, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

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.