HBK Sorce Advisory LLC Buys 3,558 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

HBK Sorce Advisory LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,394 shares of the company's stock after buying an additional 3,558 shares during the quarter. HBK Sorce Advisory LLC's holdings in Palantir Technologies were worth $3,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PLTR. Westover Capital Advisors LLC raised its stake in Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after purchasing an additional 130 shares during the period. Tritonpoint Wealth LLC raised its stake in Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after purchasing an additional 132 shares during the period. Twin Peaks Wealth Advisors LLC raised its stake in Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after purchasing an additional 139 shares during the period. Truvestments Capital LLC raised its stake in Palantir Technologies by 1.2% during the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company's stock valued at $931,000 after purchasing an additional 142 shares during the period. Finally, RKL Wealth Management LLC raised its stake in Palantir Technologies by 2.7% during the 4th quarter. RKL Wealth Management LLC now owns 5,689 shares of the company's stock valued at $430,000 after purchasing an additional 150 shares during the period. Institutional investors own 45.65% of the company's stock.

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Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 416,053 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $74.17, for a total transaction of $30,858,651.01. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $43,908.64. The trade was a 99.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 985,838 shares of company stock worth $75,333,389 in the last quarter. 12.93% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on PLTR shares. Jefferies Financial Group lifted their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average price target of $74.45.

Palantir Technologies Stock Down 4.8 %

PLTR traded down $4.03 during trading hours on Thursday, reaching $79.62. 100,383,155 shares of the company's stock traded hands, compared to its average volume of 64,561,590. The firm has a 50-day moving average price of $87.71 and a 200 day moving average price of $64.59. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm has a market capitalization of $186.74 billion, a PE ratio of 419.07, a PEG ratio of 10.84 and a beta of 2.81.

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.