WealthCollab LLC Makes New $47,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

WealthCollab LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 627 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds also recently made changes to their positions in PLTR. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC grew its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $48,988. This represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 1.2 %

Shares of NASDAQ PLTR opened at $116.08 on Wednesday. Palantir Technologies Inc. has a 12-month low of $20.50 and a 12-month high of $125.41. The firm has a market capitalization of $272.25 billion, a price-to-earnings ratio of 610.98, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The firm has a 50 day moving average of $89.59 and a 200 day moving average of $78.11.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent research reports. Cantor Fitzgerald upped their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Citigroup raised their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Loop Capital restated a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $74.71.

Palantir Technologies Company 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.