Ieq Capital LLC Acquires 86,064 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Ieq Capital LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 241,110 shares of the company's stock after purchasing an additional 86,064 shares during the quarter. Ieq Capital LLC's holdings in Palantir Technologies were worth $18,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Roxbury Financial LLC bought a new position in Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter worth 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 valued at $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies during the 4th quarter worth about $31,000. 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 recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. DA Davidson lifted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $73.21.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the completion of the transaction, the director now owns 111,644 shares of the company's stock, valued at approximately $7,454,469.88. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % 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 worth $473,395,877. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

NASDAQ PLTR traded down $5.86 on Friday, reaching $100.41. The stock had a trading volume of 114,210,605 shares, compared to its average volume of 90,424,781. The company has a market cap of $228.74 billion, a P/E ratio of 530.31, a price-to-earnings-growth ratio of 11.52 and a beta of 2.81. The firm has a fifty day moving average of $85.36 and a two-hundred day moving average of $58.84. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

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.