Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Quattro Financial Advisors LLC

Quattro Financial Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.9% during the 4th quarter, Holdings Channel reports. The firm owned 28,220 shares of the company’s stock after buying an additional 3,220 shares during the quarter. Quattro Financial Advisors LLC’s holdings in Palantir Technologies were worth $2,129,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC lifted its holdings in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares in the last quarter. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC increased its stake in shares of Palantir Technologies by 230.4% during 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 in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $33,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 0.4 %

Shares of NASDAQ:PLTR opened at $110.85 on Friday. The company has a market capitalization of $252.52 billion, a price-to-earnings ratio of 583.45, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $116.30. The business has a 50-day moving average price of $76.46 and a 200 day moving average price of $52.67.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PLTR. Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday. Mizuho lifted their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday. Citigroup increased their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $95.00 in a research note on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $69.44.

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 38,093 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $405,296,576.58. This trade represents a 0.59 % 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 9,746 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the sale, the director now owns 111,644 shares in the company, valued at $7,454,469.88. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,656,687 shares of company stock valued at $1,040,105,687 over the last 90 days. 12.93% of the stock is owned by company insiders.

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.