Lee Financial Co bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,732 shares of the company's stock, valued at approximately $207,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tritonpoint Wealth LLC lifted its holdings in Palantir Technologies by 1.9% during the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $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. RMR Wealth Builders lifted its holdings in shares of Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company's stock valued at $545,000 after purchasing an additional 167 shares in the last quarter. Bay Rivers Group lifted its holdings in shares of Palantir Technologies by 2.7% in the fourth quarter. Bay Rivers Group now owns 6,406 shares of the company's stock valued at $484,000 after purchasing an additional 171 shares in the last quarter. Finally, Christensen King & Associates Investment Services Inc. lifted its holdings in shares of Palantir Technologies by 3.0% in the fourth quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company's stock valued at $486,000 after purchasing an additional 174 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently commented on PLTR. William Blair restated an "underperform" rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Wedbush boosted their price target on Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a report 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. Finally, Argus lowered Palantir Technologies from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average target price of $69.44.
Check Out Our Latest Report on PLTR
Insider Activity
In related news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now owns 512,006 shares of the company's stock, valued at $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alexander C. Karp sold 1,620,395 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $406,583,028.18. This represents a 20.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,301,387 shares of company stock valued at $575,821,045. 12.93% of the stock is owned by insiders.
Palantir Technologies Stock Down 10.1 %
Shares of Palantir Technologies stock traded down $12.56 on Wednesday, hitting $112.06. The stock had a trading volume of 142,280,695 shares, compared to its average volume of 84,784,539. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The business's 50 day moving average is $84.70 and its two-hundred day moving average is $58.51. The stock has a market cap of $255.27 billion, a price-to-earnings ratio of 589.82, a price-to-earnings-growth ratio of 12.25 and a beta of 2.81.
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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