3,150 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Chatham Capital Group Inc.

Chatham Capital Group Inc. purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,150 shares of the company’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crestwood Advisors Group LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $203,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $469,000. Graypoint LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $268,000. Principal Financial Group Inc. grew its stake in shares of Palantir Technologies by 226.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company’s stock worth $105,636,000 after purchasing an additional 1,969,213 shares during the period. Finally, Keudell Morrison Wealth Management acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $204,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PLTR shares. Royal Bank of Canada raised their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Loop Capital started coverage on shares of Palantir Technologies in a research note on Thursday, February 20th. They issued a “buy” rating and a $141.00 price target on the stock. Northland Securities lifted their price target 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. Finally, Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.79.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,435,838 shares of company stock worth $107,260,889 in the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 5.7 %

NASDAQ PLTR opened at $85.07 on Friday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The business’s fifty day simple moving average is $87.31 and its 200-day simple moving average is $62.91. The firm has a market cap of $199.51 billion, a PE ratio of 447.74, a P/E/G ratio of 10.84 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.