Delta Financial Group Inc. Purchases Shares of 3,603 Palantir Technologies Inc. (NASDAQ:PLTR)

Delta Financial Group Inc. acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,603 shares of the company’s stock, valued at approximately $272,000.

Other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Palantir Technologies by 227.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock valued at $4,546,000 after buying an additional 84,856 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Palantir Technologies by 80.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after acquiring an additional 16,469 shares during the period. Silver Oak Securities Incorporated grew its position in Palantir Technologies by 73.1% in the third quarter. Silver Oak Securities Incorporated now owns 17,389 shares of the company’s stock valued at $641,000 after acquiring an additional 7,343 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Palantir Technologies by 38.5% during the third quarter. Ballentine Partners LLC now owns 17,095 shares of the company’s stock valued at $636,000 after purchasing an additional 4,756 shares during the period. Finally, Highland Capital Management LLC acquired a new position in shares of Palantir Technologies during the third quarter worth $1,339,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 4.6 %

Shares of NASDAQ PLTR opened at $101.33 on Monday. The firm’s 50-day moving average price is $85.87 and its two-hundred day moving average price is $59.84. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The stock has a market capitalization of $230.84 billion, a P/E ratio of 533.36, a P/E/G ratio of 10.84 and a beta of 2.81.

Analyst Ratings Changes

PLTR has been the subject of a number of recent analyst reports. 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 report on Tuesday, February 4th. Wedbush raised their target price on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Robert W. Baird boosted their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. DA Davidson raised their price objective on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group upped their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $73.21.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at approximately $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,671,246 shares of company stock worth $472,745,137. 12.93% of the stock is currently owned by company insiders.

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.