Assenagon Asset Management S.A. Boosts Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Assenagon Asset Management S.A. grew its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 19.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,426 shares of the company’s stock after purchasing an additional 3,823 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Palantir Technologies were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Halpern Financial Inc. boosted its stake in shares of Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after purchasing an additional 440 shares during the period. Harbor Investment Advisory LLC boosted its stake in shares of Palantir Technologies by 16.9% in the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock valued at $74,000 after purchasing an additional 463 shares during the period. Principle Wealth Partners LLC raised its holdings in Palantir Technologies by 4.8% in the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $241,000 after acquiring an additional 481 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in Palantir Technologies by 1.0% in the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after acquiring an additional 618 shares in the last quarter. Finally, West Paces Advisors Inc. raised its holdings in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.3 %

PLTR stock traded down $0.06 during midday trading on Wednesday, reaching $21.18. The company had a trading volume of 24,980,027 shares, compared to its average volume of 61,221,039. The firm has a market capitalization of $47.17 billion, a PE ratio of 176.51, a P/E/G ratio of 4.94 and a beta of 2.76. The stock has a 50 day moving average price of $22.51 and a 200 day moving average price of $20.73. Palantir Technologies Inc. has a fifty-two week low of $11.82 and a fifty-two week high of $27.50.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup raised their target price on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, May 7th. Royal Bank of Canada raised their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, May 7th. Finally, HSBC raised their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $20.65.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $17,743,166.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.91, for a total value of $124,550.00. Following the completion of the sale, the director now owns 191,783 shares of the company’s stock, valued at $4,777,314.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $23.57, for a total transaction of $1,178,500.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $17,743,166.02. The disclosure for this sale can be found here. Insiders have sold 18,462,722 shares of company stock valued at $415,752,250 over the last three months. Company 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.