Resolute Advisors LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,308 shares of the company's stock, valued at approximately $326,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC raised its holdings in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after buying an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC increased its holdings in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares during the period. Finally, HighMark Wealth Management LLC raised its position in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on PLTR. Daiwa Capital Markets began coverage on Palantir Technologies in a research note on Tuesday. They set a "neutral" rating and a $90.00 target price on the stock. Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. Mizuho increased their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Finally, Daiwa America upgraded Palantir Technologies to a "hold" rating in a report on Tuesday. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus price target of $75.19.
Get Our Latest Research Report on PLTR
Insider Activity at Palantir Technologies
In other news, insider Heather A. Planishek sold 13,891 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were 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 trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred 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 completion of the sale, the director now owns 195,393 shares of the company's stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is owned by corporate insiders.
Palantir Technologies Stock Performance
Shares of NASDAQ:PLTR traded down $9.59 during trading on Friday, reaching $74.01. 146,810,995 shares of the stock traded hands, compared to its average volume of 69,096,867. The stock has a market cap of $173.58 billion, a P/E ratio of 389.55, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The stock has a 50-day moving average of $92.67 and a two-hundred day moving average of $70.70. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.
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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