TFB Advisors LLC Takes $250,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

TFB Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,310 shares of the company’s stock, valued at approximately $250,000.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in Palantir Technologies by 46.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock worth $82,000 after buying an additional 700 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Palantir Technologies during the 3rd quarter worth $65,000. Sapient Capital LLC purchased a new stake in Palantir Technologies in the 3rd quarter worth about $206,000. Magnus Financial Group LLC raised its stake in Palantir Technologies by 3.6% in the 3rd quarter. Magnus Financial Group LLC now owns 27,066 shares of the company’s stock valued at $1,007,000 after acquiring an additional 941 shares during the period. Finally, Cascade Investment Group Inc. purchased a new stake in Palantir Technologies during the third quarter valued at about $257,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 4.2 %

NASDAQ PLTR opened at $117.39 on Thursday. The stock’s 50-day simple moving average is $79.17 and its two-hundred day simple moving average is $54.84. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $118.66. The company has a market capitalization of $267.42 billion, a price-to-earnings ratio of 617.87, a PEG ratio of 11.44 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the sale, the insider now directly owns 752,786 shares in the company, valued at $52,755,242.88. This represents a 87.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the transaction, the director now owns 111,644 shares in the company, valued at approximately $7,454,469.88. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,833,085 shares of company stock valued at $924,999,929. Corporate insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLTR shares. Bank of America lifted their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Finally, Mizuho raised their target price on 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 assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $69.44.

Palantir Technologies 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.