Mirabella Financial Services LLP Buys Shares of 46,646 Palantir Technologies Inc. (NASDAQ:PLTR)

Mirabella Financial Services LLP acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 46,646 shares of the company's stock, valued at approximately $3,526,000.

Other large investors have also bought and sold shares of the company. Mather Group LLC. raised its holdings in shares of Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock worth $67,000 after acquiring an additional 448 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $3,233,000. Kieckhefer Group LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $11,769,000. Finally, Grange Capital LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $5,829,000. 45.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research reports. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Finally, Mizuho raised their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target of $74.71.

Palantir Technologies Trading Up 5.9 %

PLTR stock traded up $6.00 during trading hours on Thursday, hitting $106.82. 67,572,200 shares of the stock were exchanged, compared to its average volume of 73,435,262. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $125.41. The firm has a market capitalization of $250.52 billion, a P/E ratio of 560.04, a P/E/G ratio of 10.84 and a beta of 2.74. The company has a 50-day simple moving average of $89.81 and a two-hundred day simple moving average of $75.91.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction 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 directly owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly 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 three months, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. 12.93% of the stock is owned by company insiders.

About Palantir Technologies

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.