Belmont Capital LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 171.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 163,140 shares of the company's stock after acquiring an additional 102,939 shares during the period. Palantir Technologies accounts for approximately 2.0% of Belmont Capital LLC's portfolio, making the stock its 10th biggest position. Belmont Capital LLC's holdings in Palantir Technologies were worth $12,338,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. grew its stake in shares of Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after buying an additional 448 shares during the period. Diversify Wealth Management LLC purchased a new position in Palantir Technologies in the fourth quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth $3,233,000. Kieckhefer Group LLC acquired a new stake in Palantir Technologies during the fourth quarter worth $11,769,000. Finally, Grange Capital LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $5,829,000. Institutional investors and hedge funds own 45.65% of the company's stock.
Insider Buying and Selling at Palantir Technologies
In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This trade represents a 99.95 % 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 link. Also, insider Heather A. Planishek sold 13,891 shares of the business's 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last ninety days. Corporate insiders own 12.93% of the company's stock.
Palantir Technologies Trading Up 1.2 %
Palantir Technologies stock opened at $93.78 on Friday. The company has a fifty day simple moving average of $91.56 and a 200-day simple moving average of $74.35. The stock has a market cap of $219.95 billion, a P/E ratio of 493.60, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Loop Capital reissued a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" 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. 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 report on Tuesday, February 4th. Finally, Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average target price of $74.71.
View Our Latest Stock Report on PLTR
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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