Nemes Rush Group LLC Acquires 1,440 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Nemes Rush Group LLC grew its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,096 shares of the company’s stock after purchasing an additional 1,440 shares during the quarter. Nemes Rush Group LLC’s holdings in Palantir Technologies were worth $122,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PLTR. Vanguard Group Inc. raised its stake in Palantir Technologies by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock valued at $2,997,419,000 after purchasing an additional 18,756,392 shares during the last quarter. Morgan Stanley raised its stake in shares of Palantir Technologies by 26.1% in the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after buying an additional 4,675,824 shares in the last quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its position in shares of Palantir Technologies by 314.7% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock worth $84,571,000 after purchasing an additional 4,011,100 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth about $55,719,000. Finally, International Assets Investment Management LLC increased its position in shares of Palantir Technologies by 1,784.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,895,772 shares of the company’s stock worth $49,720,000 after purchasing an additional 2,742,071 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. Raymond James increased their target price on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, May 7th. Royal Bank of Canada increased their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 7th. Finally, DA Davidson increased their target price on shares of Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Five research 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 data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.65.

Palantir Technologies Price Performance

Shares of NYSE PLTR traded up $0.15 during mid-day trading on Wednesday, hitting $21.39. The company’s stock had a trading volume of 11,264,162 shares, compared to its average volume of 61,076,105. The stock has a market cap of $47.63 billion, a price-to-earnings ratio of 177.43, a price-to-earnings-growth ratio of 4.94 and a beta of 2.76. Palantir Technologies Inc. has a one year low of $11.82 and a one year high of $27.50. The company’s fifty day simple moving average is $22.59 and its 200-day simple moving average is $20.72.

Insider Activity

In other news, Director Peter Thiel sold 5,000,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $20.78, for a total value of $103,900,000.00. Following the transaction, the director now owns 15,733,625 shares of the company’s stock, valued at approximately $326,944,727.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the sale, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thiel sold 5,000,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the completion of the sale, the director now owns 15,733,625 shares in the company, valued at $326,944,727.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,449,417 shares of company stock valued at $415,467,436. 12.93% of the stock is currently owned by insiders.

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.