Central Valley Advisors LLC Takes Position in Palantir Technologies Inc. (NYSE:PLTR)

Central Valley Advisors LLC purchased a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,850 shares of the company’s stock, valued at approximately $238,000.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Palantir Technologies by 149.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,823 shares of the company’s stock valued at $100,000 after purchasing an additional 3,485 shares in the last quarter. Nemes Rush Group LLC lifted its holdings in Palantir Technologies by 25.5% in the fourth quarter. Nemes Rush Group LLC now owns 7,096 shares of the company’s stock valued at $122,000 after buying an additional 1,440 shares during the period. Aigen Investment Management LP bought a new position in Palantir Technologies in the fourth quarter valued at approximately $1,861,000. Keystone Financial Group raised its position in shares of Palantir Technologies by 7.1% during the 4th quarter. Keystone Financial Group now owns 154,488 shares of the company’s stock valued at $2,653,000 after acquiring an additional 10,280 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Palantir Technologies by 19.9% in the 4th quarter. Franklin Resources Inc. now owns 84,004 shares of the company’s stock valued at $1,442,000 after purchasing an additional 13,958 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Mizuho lifted their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $13.00 to $22.00 in a research report on Tuesday, February 6th. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. Finally, DA Davidson increased their target price on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.65.

Palantir Technologies Trading Down 0.5 %

Shares of NYSE:PLTR traded down $0.11 on Wednesday, reaching $21.13. 16,585,358 shares of the company’s stock were exchanged, compared to its average volume of 61,130,469. Palantir Technologies Inc. has a twelve month low of $11.82 and a twelve month high of $27.50. The company has a fifty day moving average of $22.59 and a 200-day moving average of $20.72. The company has a market capitalization of $47.05 billion, a price-to-earnings ratio of 177.43, a PEG ratio of 4.94 and a beta of 2.76.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $23.57, for a total value of $1,178,500.00. Following the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $17,743,166.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now directly owns 1,595,519 shares in the company, valued at $35,133,328.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $23.57, for a total transaction of $1,178,500.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at $17,743,166.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,449,417 shares of company stock worth $415,467,436. Corporate insiders own 12.93% of the company’s stock.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.