11,500 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd bought a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,500 shares of the company’s stock, valued at approximately $176,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC acquired a new position in Palantir Technologies in the 1st quarter worth about $28,000. Resurgent Financial Advisors LLC bought a new position in Palantir Technologies in the 4th quarter valued at approximately $28,000. Laffer Tengler Investments acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $36,000. Delta Asset Management LLC TN grew its holdings in Palantir Technologies by 6,625.0% during the 2nd quarter. Delta Asset Management LLC TN now owns 2,690 shares of the company’s stock worth $41,000 after acquiring an additional 2,650 shares during the last quarter. Finally, RFP Financial Group LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $42,000. 34.21% of the stock is owned by institutional investors.

Palantir Technologies Trading Down 5.5 %

Shares of PLTR traded down $1.17 during trading hours on Tuesday, reaching $20.17. The stock had a trading volume of 58,711,002 shares, compared to its average volume of 59,273,594. The firm has a 50-day simple moving average of $16.78 and a 200 day simple moving average of $15.56. Palantir Technologies Inc. has a 12 month low of $5.84 and a 12 month high of $21.85. The company has a market capitalization of $43.89 billion, a price-to-earnings ratio of 355.67, a P/E/G ratio of 3.47 and a beta of 2.70.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Citigroup raised their target price on Palantir Technologies from $6.00 to $10.00 and gave the stock a “sell” rating in a research report on Monday, August 7th. HSBC initiated coverage on Palantir Technologies in a report on Friday, September 15th. They issued a “hold” rating and a $16.00 target price on the stock. DA Davidson raised their price target on shares of Palantir Technologies from $8.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, August 8th. Wolfe Research upped their price objective on shares of Palantir Technologies from $6.00 to $7.50 and gave the company an “underperform” rating in a research note on Tuesday, August 8th. Finally, Mizuho boosted their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.25.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 27,226 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $15.30, for a total transaction of $416,557.80. Following the completion of the sale, the insider now directly owns 762,006 shares of the company’s stock, valued at $11,658,691.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Palantir Technologies news, insider Heather A. Planishek sold 27,226 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $15.30, for a total transaction of $416,557.80. Following the transaction, the insider now directly owns 762,006 shares in the company, valued at approximately $11,658,691.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 325,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $15.40, for a total transaction of $5,005,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $99,056,773.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 444,521 shares of company stock valued at $6,873,874. Corporate insiders own 13.96% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.