Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Raised by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,648 shares of the company's stock after purchasing an additional 2,915 shares during the quarter. Nicolet Advisory Services LLC's holdings in Palantir Technologies were worth $957,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PLTR. Mather Group LLC. grew its stake in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after buying an additional 448 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Coldstream Capital Management Inc. purchased a new stake in shares of Palantir Technologies during the third quarter valued at approximately $639,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $11,769,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PLTR. DA Davidson lifted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Robert W. Baird lifted their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Citigroup lifted their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $75.19.

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Palantir Technologies Trading Down 11.5 %

Shares of Palantir Technologies stock traded down $9.59 on Friday, reaching $74.01. 146,810,995 shares of the company were exchanged, compared to its average volume of 69,218,331. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The firm has a market capitalization of $173.58 billion, a price-to-earnings ratio of 389.55, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The stock has a fifty day moving average price of $92.67 and a 200-day moving average price of $70.93.

Insiders Place Their Bets

In related news, Director Alexandra W. Schiff sold 4,000 shares of the company's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company's stock, valued at $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,993,175 shares of company stock worth $253,549,610. Company insiders own 12.93% of the company's stock.

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.