PAX Financial Group LLC Invests $254,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

PAX Financial Group LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,363 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 448 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth 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, Kieckhefer Group LLC purchased a new stake in Palantir Technologies in the fourth quarter worth $11,769,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PLTR shares. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Northland Securities increased their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. DA Davidson raised their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $75.19.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is owned by insiders.

Palantir Technologies Price Performance

PLTR stock opened at $74.01 on Friday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The stock has a market capitalization of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74. The business has a fifty day moving average price of $92.67 and a 200-day moving average price of $70.70.

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.