Hudson Value Partners LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,889 shares of the company's stock, valued at approximately $219,000.
Other hedge funds also recently modified their holdings of the company. Tritonpoint Wealth LLC lifted its position in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after acquiring an additional 132 shares in the last quarter. Kennebec Savings Bank lifted its holdings in shares of Palantir Technologies by 29.5% in the fourth quarter. Kennebec Savings Bank now owns 698 shares of the company's stock valued at $53,000 after purchasing an additional 159 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of 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 in the last quarter. RMR Wealth Builders boosted its position 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 worth $545,000 after buying an additional 167 shares during the period. Finally, Bay Rivers Group grew its holdings in shares of Palantir Technologies by 2.7% during the fourth quarter. Bay Rivers Group now owns 6,406 shares of the company's stock worth $484,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.
Analysts Set New Price Targets
PLTR has been the topic of several research reports. Jefferies Financial Group boosted their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. William Blair reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Baird R W raised shares of Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. DA Davidson increased their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Wedbush lifted their target price on Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given 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 $73.21.
Get Our Latest Analysis on Palantir Technologies
Palantir Technologies Trading Down 0.1 %
PLTR stock traded down $0.14 during trading hours on Friday, hitting $106.13. 26,801,266 shares of the stock were exchanged, compared to its average volume of 87,910,984. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The firm has a market capitalization of $241.76 billion, a P/E ratio of 559.40, a P/E/G ratio of 11.52 and a beta of 2.81. The company has a 50-day simple moving average of $85.36 and a two-hundred day simple moving average of $58.84.
Insider Buying and Selling
In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on 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 completion of the transaction, the insider now directly owns 512,006 shares of the company's stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the sale, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,680,992 shares of company stock valued at $473,395,877. 12.93% of the stock is owned by company insiders.
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.
See Also
Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
