Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Lifted by Everhart Financial Group Inc.

Everhart Financial Group Inc. increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,741 shares of the company's stock after purchasing an additional 3,961 shares during the quarter. Everhart Financial Group Inc.'s holdings in Palantir Technologies were worth $1,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Good Life Advisors LLC grew its position in shares of Palantir Technologies by 7.3% in the 3rd quarter. Good Life Advisors LLC now owns 14,683 shares of the company's stock worth $546,000 after buying an additional 997 shares during the period. Global Retirement Partners LLC increased its holdings in Palantir Technologies by 99.5% in the 3rd quarter. Global Retirement Partners LLC now owns 34,804 shares of the company's stock worth $1,295,000 after buying an additional 17,357 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of Palantir Technologies by 10.9% during the third quarter. Bleakley Financial Group LLC now owns 47,395 shares of the company's stock valued at $1,763,000 after purchasing an additional 4,664 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Palantir Technologies by 371.6% in the 3rd quarter. AlphaMark Advisors LLC now owns 3,985 shares of the company's stock worth $148,000 after buying an additional 3,140 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Palantir Technologies by 28.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 219,051 shares of the company's stock worth $8,149,000 after purchasing an additional 49,084 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

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Palantir Technologies Trading Down 10.1 %

Shares of NASDAQ PLTR traded down $12.56 on Wednesday, reaching $112.06. 142,280,695 shares of the company traded hands, compared to its average volume of 84,784,539. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The company has a 50 day moving average of $84.70 and a 200 day moving average of $58.51. The stock has a market capitalization of $255.27 billion, a PE ratio of 589.82, a P/E/G ratio of 12.25 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the sale, the director now directly owns 111,644 shares in the company, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 1,620,395 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $63.21, for a total value of $102,425,167.95. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $406,583,028.18. This represents a 20.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,301,387 shares of company stock worth $575,821,045. Corporate insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 4th. Mizuho boosted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Citigroup raised their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus target price of $69.44.

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.