Wambolt & Associates LLC Purchases New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Wambolt & Associates LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,856 shares of the company’s stock, valued at approximately $1,502,000.

A number of other hedge funds have also recently modified their holdings of PLTR. Mather Group LLC. increased its holdings in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 448 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Coldstream Capital Management Inc. bought a new position in shares of Palantir Technologies during the third quarter valued at approximately $639,000. Finally, Boston Family Office LLC lifted its stake in Palantir Technologies by 48.0% in the third quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock worth $1,376,000 after acquiring an additional 12,000 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,379,785 shares of company stock worth $281,528,938 in the last three months. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. DA Davidson raised their target price 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 boosted their price target 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. Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Mizuho lifted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Trading Up 6.4 %

Shares of NASDAQ PLTR opened at $96.75 on Tuesday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm has a market capitalization of $226.91 billion, a price-to-earnings ratio of 509.24, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The firm has a 50 day moving average of $90.19 and a 200 day moving average of $67.91.

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.