Iron Gate Global Advisors LLC Buys Shares of 20,293 Palantir Technologies Inc. (NASDAQ:PLTR)

Iron Gate Global Advisors LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,293 shares of the company's stock, valued at approximately $1,535,000.

Several other hedge funds have also bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup lifted their price target on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Wedbush reaffirmed an "outperform" rating and set a $120.00 price target on shares of Palantir Technologies in a research report on Monday, March 3rd. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Daiwa America raised shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $74.71.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of PLTR traded up $1.07 during mid-day trading on Friday, reaching $93.78. The company had a trading volume of 83,698,348 shares, compared to its average volume of 72,859,837. The company's 50 day simple moving average is $91.18 and its 200 day simple moving average is $75.01. The company has a market capitalization of $219.95 billion, a price-to-earnings ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1-year low of $20.36 and a 1-year high of $125.41.

Palantir Technologies 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.