5,399 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,399 shares of the company’s stock, valued at approximately $408,000.

Several other hedge funds also recently modified their holdings of PLTR. Sound Income Strategies LLC boosted its stake in Palantir Technologies by 21.4% in the third quarter. Sound Income Strategies LLC now owns 3,481 shares of the company’s stock valued at $130,000 after acquiring an additional 613 shares during the last quarter. Thomasville National Bank bought a new position in shares of Palantir Technologies in the 3rd quarter worth $215,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Palantir Technologies by 46.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock worth $82,000 after purchasing an additional 700 shares during the period. ORG Wealth Partners LLC bought a new stake in Palantir Technologies in the third quarter valued at about $65,000. Finally, Sapient Capital LLC acquired a new position in Palantir Technologies in the third quarter valued at about $206,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 1,007,496 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $63.96, for a total value of $64,439,444.16. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $411,407,221.68. This represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares of the company’s stock, valued at $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,833,085 shares of company stock worth $924,999,929 in the last three months. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on PLTR shares. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Finally, DA Davidson lifted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.44.

Palantir Technologies Trading Down 3.5 %

Palantir Technologies stock opened at $112.62 on Wednesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $118.66. The company has a fifty day simple moving average of $78.34 and a 200 day simple moving average of $54.24. The company has a market cap of $256.55 billion, a P/E ratio of 592.77, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

About Palantir Technologies

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.