177,537 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by UNICOM Systems Inc.

UNICOM Systems Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 177,537 shares of the company’s stock, valued at approximately $13,427,000. Palantir Technologies accounts for about 3.3% of UNICOM Systems Inc.’s holdings, making the stock its 10th biggest position.

Several other institutional investors also recently modified their holdings of the stock. First PREMIER Bank bought a new stake in Palantir Technologies during the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC lifted its position 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 in the last quarter. R Squared Ltd acquired a new position in Palantir Technologies in the 4th quarter worth $33,000. Elevation Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 64.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 511 shares of the company’s stock valued at $39,000 after purchasing an additional 200 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its position in Palantir Technologies by 181.3% during the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock worth $38,000 after acquiring an additional 330 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PLTR shares. Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Royal Bank of Canada increased their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Wedbush lifted their target price on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $69.44.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the transaction, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,656,687 shares of company stock valued at $1,040,105,687. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 5.2 %

PLTR opened at $116.65 on Tuesday. The company has a market cap of $265.73 billion, a price-to-earnings ratio of 613.98, a PEG ratio of 11.44 and a beta of 2.81. The company’s fifty day moving average price is $78.34 and its two-hundred day moving average price is $54.24. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $116.76.

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.