5,594 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Smith Moore & CO.

Smith Moore & CO. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,594 shares of the company's stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Roxbury Financial LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its stake in shares of 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 buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC boosted its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $31,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Up 19.0 %

PLTR traded up $14.69 during midday trading on Wednesday, hitting $92.01. 186,405,483 shares of the company traded hands, compared to its average volume of 70,690,907. The company's 50-day moving average is $93.02 and its 200 day moving average is $72.30. The firm has a market capitalization of $215.80 billion, a PE ratio of 484.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Baird R W upgraded Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Bank of America upped their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Mizuho boosted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $75.19.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares of the company's stock, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 18,537 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the sale, the insider now directly owns 493,469 shares of the company's stock, valued at $50,491,748.08. The trade was a 3.62 % 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 quarter. Company insiders own 12.93% of the company's stock.

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.