Corps Capital Advisors LLC Buys New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Corps Capital Advisors LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,700 shares of the company's stock, valued at approximately $809,000.

Other institutional investors also recently modified their holdings of the company. Tritonpoint Wealth LLC grew its holdings in shares of Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after acquiring an additional 132 shares during the period. Kennebec Savings Bank increased its position in Palantir Technologies by 29.5% in the fourth quarter. Kennebec Savings Bank now owns 698 shares of the company's stock worth $53,000 after purchasing an additional 159 shares during the last quarter. HighMark Wealth Management LLC grew its holdings in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. RMR Wealth Builders raised its stake in shares of Palantir Technologies by 2.4% during the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company's stock valued at $545,000 after acquiring an additional 167 shares in the last quarter. Finally, Bay Rivers Group raised its holdings in shares of Palantir Technologies by 2.7% in the 4th quarter. Bay Rivers Group now owns 6,406 shares of the company's stock valued at $484,000 after purchasing an additional 171 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

PLTR traded down $5.51 during midday trading on Friday, hitting $100.76. 114,210,605 shares of the company's stock traded hands, compared to its average volume of 90,424,781. The company has a market cap of $229.53 billion, a PE ratio of 530.31, a price-to-earnings-growth ratio of 11.52 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The stock's fifty day simple moving average is $85.36 and its 200-day simple moving average is $58.84.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares of the company's stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares of the company's stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,680,992 shares of company stock worth $473,395,877. 12.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on PLTR shares. Royal Bank of Canada lifted their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. DA Davidson lifted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Citigroup lifted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Argus cut Palantir Technologies from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $73.21.

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.