Atlas Legacy Advisors LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Atlas Legacy Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,853 shares of the company’s stock, valued at approximately $1,728,000.

Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. grew its position in shares of 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 acquiring an additional 448 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after acquiring an additional 4,667,955 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC purchased a new position in Palantir Technologies in the 4th quarter valued at about $3,233,000. Finally, State of Alaska Department of Revenue lifted its stake in Palantir Technologies by 22.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after buying an additional 68,945 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction that occurred on 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 completion of the sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 1,620,395 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $406,583,028.18. This trade represents a 20.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,301,387 shares of company stock valued at $575,821,045. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

PLTR stock opened at $124.62 on Wednesday. The firm has a market cap of $283.89 billion, a PE ratio of 655.93, a PEG ratio of 12.25 and a beta of 2.81. The firm’s 50 day moving average price is $83.91 and its 200-day moving average price is $58.13. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.00.

Analyst Ratings Changes

A number of research analysts recently weighed in on PLTR shares. DA Davidson raised their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Bank of America raised their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. UBS Group raised their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.44.

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.