PDS Planning Inc Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

PDS Planning Inc purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,122 shares of the company's stock, valued at approximately $463,000.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. OneDigital Investment Advisors LLC grew its holdings in shares of Palantir Technologies by 3.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 34,146 shares of the company's stock valued at $1,270,000 after acquiring an additional 998 shares in the last quarter. Empowered Funds LLC boosted its holdings in Palantir Technologies by 156.3% in the third quarter. Empowered Funds LLC now owns 73,095 shares of the company's stock worth $2,719,000 after purchasing an additional 44,571 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Palantir Technologies by 406.7% in the third quarter. Natixis Advisors LLC now owns 54,742 shares of the company's stock worth $2,036,000 after purchasing an additional 43,938 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Palantir Technologies by 73.8% in the third quarter. Thrivent Financial for Lutherans now owns 91,656 shares of the company's stock worth $3,409,000 after purchasing an additional 38,924 shares in the last quarter. Finally, GLOBALT Investments LLC GA boosted its holdings in Palantir Technologies by 3.2% in the third quarter. GLOBALT Investments LLC GA now owns 34,240 shares of the company's stock worth $1,274,000 after purchasing an additional 1,071 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the transaction, the insider now owns 170,273 shares of the company's stock, valued at $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 310,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at approximately $51,545.44. The trade was a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,379,785 shares of company stock valued at $281,528,938 over the last quarter. Corporate insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PLTR shares. Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Robert W. Baird upped their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $74.45.

Palantir Technologies Stock Performance

Shares of PLTR traded up $3.57 during trading hours on Friday, reaching $90.96. 116,457,235 shares of the company traded hands, compared to its average volume of 65,912,015. The stock's fifty day moving average is $89.55 and its 200 day moving average is $66.92. The stock has a market cap of $213.33 billion, a P/E ratio of 478.76, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

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.