D Orazio & Associates Inc. Purchases Shares of 5,649 Palantir Technologies Inc. (NASDAQ:PLTR)

D Orazio & Associates Inc. acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,649 shares of the company’s stock, valued at approximately $427,000.

Several other institutional investors have also modified their holdings of PLTR. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. First PREMIER Bank acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in 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 buying an additional 265 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Palantir Technologies in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $110.85 on Friday. The company has a market capitalization of $252.52 billion, a PE ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The business has a 50-day moving average of $77.34 and a 200-day moving average of $53.24. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $116.30.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLTR. The Goldman Sachs Group increased their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Wedbush lifted their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Mizuho boosted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday. Bank of America raised their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.44.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.10, for a total value of $283,950,000.00. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $405,875,479.80. The trade was a 41.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,656,687 shares of company stock worth $1,040,105,687. Insiders own 12.93% of the company’s stock.

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.