Chung Wu Investment Group LLC Makes New $333,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Chung Wu Investment Group LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,400 shares of the company’s stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter worth $210,000. Ethos Financial Group LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth about $769,000. Lindbrook Capital LLC lifted its holdings in Palantir Technologies by 18.2% in the fourth quarter. Lindbrook Capital LLC now owns 10,781 shares of the company’s stock worth $815,000 after acquiring an additional 1,660 shares during the last quarter. McDonough Capital Management Inc bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $432,000. Finally, One Capital Management LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $450,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR stock opened at $90.13 on Thursday. The company has a market capitalization of $211.39 billion, a PE ratio of 474.39, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company’s 50 day moving average price is $87.34 and its two-hundred day moving average price is $62.79.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Cantor Fitzgerald upped their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Loop Capital initiated coverage on shares of Palantir Technologies in a report on Thursday, February 20th. They set a “buy” rating and a $141.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Jefferies Financial Group upped their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Northland Securities upped their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.79.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the transaction, the director now owns 100,923 shares in the company, valued at $7,748,867.94. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,439,783 shares of company stock valued at $107,497,043 over the last three months. 12.93% of the stock is owned by company insiders.

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.