Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 71,838 shares of the company’s stock after acquiring an additional 1,431 shares during the quarter. D.A. Davidson & CO.’s holdings in Palantir Technologies were worth $5,433,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at $25,000. Prestige Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 747.1% in the third 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 period. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $28,000. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of 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 buying an additional 265 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Northland Securities upped their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Bank of America upped their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, DA Davidson upped their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $69.44.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 1,620,395 shares of Palantir Technologies stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $406,583,028.18. This trade represents a 20.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,301,387 shares of company stock worth $575,821,045. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $112.06 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The firm has a market capitalization of $255.27 billion, a P/E ratio of 589.82, a P/E/G ratio of 12.25 and a beta of 2.81. The company’s 50 day moving average price is $84.70 and its two-hundred day moving average price is $58.51.

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.