Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Quadrant Private Wealth Management LLC

Quadrant Private Wealth Management LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 55.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,060 shares of the company’s stock after acquiring an additional 3,587 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Palantir Technologies were worth $761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sage Advisors LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $369,000. Valeo Financial Advisors LLC grew its position in Palantir Technologies by 25.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 46,167 shares of the company’s stock worth $3,492,000 after purchasing an additional 9,314 shares during the last quarter. Roman Butler Fullerton & Co. purchased a new position in Palantir Technologies during the 4th quarter worth $222,000. New York State Teachers Retirement System grew its position in Palantir Technologies by 3.2% during the 4th quarter. New York State Teachers Retirement System now owns 1,597,211 shares of the company’s stock worth $120,797,000 after purchasing an additional 49,829 shares during the last quarter. Finally, Asset Planning Inc purchased a new position in Palantir Technologies during the 4th quarter worth $101,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were 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 of the company’s stock, valued at $7,454,469.88. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,346,976 shares of company stock worth $642,660,729. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on PLTR shares. 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 report on Tuesday, February 4th. Citigroup lifted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Northland Securities lifted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, UBS Group lifted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $119.16 on Friday. The firm has a market cap of $271.45 billion, a PE ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $120.67. The stock’s 50 day simple moving average is $81.90 and its 200 day simple moving average is $56.35.

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.