Bank of Jackson Hole Trust Acquires Shares of 1,050 Palantir Technologies Inc. (NASDAQ:PLTR)

Bank of Jackson Hole Trust acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,050 shares of the company’s stock, valued at approximately $79,000.

Other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $28,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 1,620,395 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $406,583,028.18. This represents a 20.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,301,387 shares of company stock worth $575,821,045 in the last ninety days. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. DA Davidson lifted their price target on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Six 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $69.44.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $112.06 on Thursday. The stock has a market cap of $255.27 billion, a P/E ratio of 589.82, a P/E/G ratio of 12.25 and a beta of 2.81. The stock’s 50 day simple moving average is $84.70 and its 200-day simple moving average is $58.51. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

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.