Wambolt & Associates LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,856 shares of the company's stock, valued at approximately $1,502,000.
Other institutional investors also recently bought and sold shares of the company. Prestige Wealth Management Group LLC boosted its holdings in shares of Palantir Technologies by 747.1% in 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 in the last quarter. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at $27,000. First PREMIER Bank acquired a new position in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC grew its holdings in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Palantir Technologies
In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This represents 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 worth $281,528,938. 12.93% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on PLTR shares. Cantor Fitzgerald upped their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Northland Securities upped their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, February 4th. Bank of America raised their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Palantir Technologies in a report on Monday, March 3rd. Five equities research 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's stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average target price of $74.45.
Get Our Latest Stock Analysis on PLTR
Palantir Technologies Trading Down 4.7 %
Shares of PLTR stock traded down $4.24 during mid-day trading on Friday, reaching $85.85. The stock had a trading volume of 90,823,164 shares, compared to its average volume of 67,978,339. The company has a market cap of $201.35 billion, a P/E ratio of 451.87, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The business has a 50-day simple moving average of $91.98 and a 200 day simple moving average of $69.04.
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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