Bradley & Co. Private Wealth Management LLC Purchases New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Bradley & Co. Private Wealth Management LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 883 shares of the company’s stock, valued at approximately $67,000.

A number of other hedge funds have also recently modified their holdings of the business. Mather Group LLC. increased its position in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Palantir Technologies by 60.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after acquiring an additional 4,667,955 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth about $876,000. Destiny Wealth Partners LLC bought a new position in Palantir Technologies in the 4th quarter worth about $3,233,000. Finally, Oppenheimer & Co. Inc. raised its holdings in Palantir Technologies by 19.2% in the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock worth $20,146,000 after buying an additional 87,062 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLTR. Royal Bank of Canada upped their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Loop Capital began coverage on Palantir Technologies in a research note on Thursday, February 20th. They set a “buy” rating and a $141.00 price objective for the company. Finally, Mizuho increased their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $73.21.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at $42,002.40. This represents a 99.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the sale, the insider now directly owns 702,786 shares of the company’s stock, valued at $64,958,509.98. This represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,719,783 shares of company stock worth $477,414,743 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $87.84 on Wednesday. The business’s 50 day moving average price is $86.44 and its 200-day moving average price is $60.68. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The company has a market cap of $200.10 billion, a price-to-earnings ratio of 462.34, a PEG ratio of 10.84 and a beta of 2.81.

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.