Chung Wu Investment Group LLC Invests $333,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Chung Wu Investment Group LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,400 shares of the company’s stock, valued at approximately $333,000.

A number of other large investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in shares of Palantir Technologies by 13.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock worth $476,000 after buying an additional 1,514 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of Palantir Technologies by 39.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 901,428 shares of the company’s stock worth $33,533,000 after purchasing an additional 252,830 shares during the period. Moloney Securities Asset Management LLC grew its holdings in shares of Palantir Technologies by 21.6% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 19,476 shares of the company’s stock worth $725,000 after purchasing an additional 3,457 shares during the period. Gulf International Bank UK Ltd lifted its stake in Palantir Technologies by 6.7% during the 3rd quarter. Gulf International Bank UK Ltd now owns 159,879 shares of the company’s stock worth $5,947,000 after acquiring an additional 9,982 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Palantir Technologies by 211.1% during the 3rd quarter. Amalgamated Bank now owns 423,082 shares of the company’s stock worth $15,739,000 after acquiring an additional 287,100 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 6.8 %

PLTR stock opened at $90.13 on Thursday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a market cap of $211.39 billion, a PE ratio of 474.39, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The business’s 50-day simple moving average is $87.34 and its 200 day simple moving average is $62.79.

Analysts Set New Price Targets

A number of research analysts have recently commented on PLTR shares. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson boosted their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a research note on Monday. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.79.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the sale, the insider now directly owns 702,786 shares of the company’s stock, valued at $64,958,509.98. This trade represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the sale, the insider now directly owns 592 shares in the company, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,439,783 shares of company stock valued at $107,497,043 over the last three months. 12.93% of the stock is owned by corporate insiders.

About Palantir Technologies

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.