GWN Securities Inc. acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,012 shares of the company's stock, valued at approximately $312,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Prestige Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after acquiring an additional 650 shares in the last quarter. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC increased its holdings in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after buying an additional 265 shares during the period. Finally, HighMark Wealth Management LLC lifted its position in Palantir Technologies by 73.5% in the fourth 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. 45.65% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider Ryan D. Taylor sold 483,987 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the transaction, the insider now directly owns 170,273 shares in the company, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now owns 195,393 shares of the company's stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,379,785 shares of company stock valued at $281,528,938. Insiders own 12.93% of the company's stock.
Palantir Technologies Stock Performance
Shares of PLTR stock traded up $3.57 on Friday, reaching $90.96. The stock had a trading volume of 116,233,877 shares, compared to its average volume of 65,808,626. The stock has a market cap of $213.33 billion, a P/E ratio of 478.76, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a 50 day simple moving average of $89.08 and a 200 day simple moving average of $66.51.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. UBS Group raised their price target on Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Mizuho upped their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Finally, William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $74.45.
Check Out Our Latest Report on PLTR
About Palantir Technologies
(
Free Report)
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.
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