AssuredPartners Investment Advisors LLC Purchases New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,843 shares of the company’s stock, valued at approximately $896,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. increased its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares during the last quarter. Diversify Wealth Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $3,233,000. Coldstream Capital Management Inc. bought a new stake in Palantir Technologies in the 3rd quarter valued at $639,000. Finally, Kieckhefer Group LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at $11,769,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 512,006 shares in the company, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on PLTR. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. DA Davidson increased their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Loop Capital reduced their price objective on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 13th. UBS Group increased their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $74.45.

Palantir Technologies Trading Down 2.4 %

Shares of NASDAQ PLTR opened at $90.09 on Friday. The company has a market cap of $211.29 billion, a price-to-earnings ratio of 474.18, a PEG 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 stock has a 50-day moving average price of $91.70 and a two-hundred day moving average price of $68.69.

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.