Jessup Wealth Management Inc Invests $218,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Jessup Wealth Management Inc purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,884 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $2,148,000. Good Life Advisors LLC raised its position in Palantir Technologies by 31.4% during the fourth quarter. Good Life Advisors LLC now owns 19,289 shares of the company’s stock valued at $1,459,000 after purchasing an additional 4,606 shares in the last quarter. Financial Perspectives Inc lifted its stake in Palantir Technologies by 9.2% during the fourth quarter. Financial Perspectives Inc now owns 2,375 shares of the company’s stock worth $180,000 after purchasing an additional 200 shares during the last quarter. Hudson Value Partners LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $219,000. Finally, Werba Rubin Papier Wealth Management acquired a new position in shares of Palantir Technologies during the 4th quarter worth $403,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The transaction 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 the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares of the company’s stock, valued at approximately $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 have sold 8,301,387 shares of company stock worth $575,821,045. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $112.06 on Thursday. The business’s 50 day simple moving average is $84.70 and its 200 day simple moving average is $58.51. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The stock has a market capitalization of $255.27 billion, a PE ratio of 589.82, a PEG ratio of 12.25 and a beta of 2.81.

Wall Street Analyst Weigh In

PLTR has been the topic of several research analyst reports. Royal Bank of Canada raised 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. DA Davidson raised their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Northland Securities upped their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.44.

Palantir Technologies 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.