Tucker Asset Management LLC Grows Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Tucker Asset Management LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 572.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,619 shares of the company's stock after acquiring an additional 3,932 shares during the period. Tucker Asset Management LLC's holdings in Palantir Technologies were worth $349,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Roxbury Financial LLC acquired a new position in Palantir Technologies during the 4th quarter worth about $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC increased 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 period. Finally, Sierra Ocean LLC bought a new position in Palantir Technologies during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective 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. Northland Securities lifted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Loop Capital decreased their target price on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Finally, DA Davidson boosted their price target on Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $74.45.

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Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $48,988. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $1.45 on Monday, hitting $84.40. The company had a trading volume of 106,783,304 shares, compared to its average volume of 68,136,048. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The stock has a 50 day moving average of $91.98 and a 200-day moving average of $69.53. The stock has a market capitalization of $197.95 billion, a price-to-earnings ratio of 444.23, a P/E/G 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.