Lynx Investment Advisory Takes $304,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Lynx Investment Advisory purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,025 shares of the company's stock, valued at approximately $304,000.

Several other large investors have also made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 747.1% during the 3rd 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 bought a new stake in Palantir Technologies during the fourth quarter worth approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its position 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 during the period. Finally, HighMark Wealth Management LLC lifted its stake 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 worth $30,000 after buying an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company's stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by insiders.

Remove Ads

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded down $2.19 on Thursday, hitting $90.09. The stock had a trading volume of 82,518,616 shares, compared to its average volume of 66,776,462. The firm's 50 day moving average price is $91.70 and its 200-day moving average price is $68.69. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a market capitalization of $211.29 billion, a price-to-earnings ratio of 474.18, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Analysts Set New Price Targets

A number of research firms recently issued reports on PLTR. Jefferies Financial Group raised their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Mizuho raised their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Royal Bank of Canada raised their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird upped their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $74.45.

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.