Farther Finance Advisors LLC Has $1.73 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Farther Finance Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 78.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,863 shares of the company’s stock after buying an additional 10,071 shares during the quarter. Farther Finance Advisors LLC’s holdings in Palantir Technologies were worth $1,729,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC raised its stake in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the period. Roxbury Financial LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the period. Finally, HighMark Wealth Management LLC raised its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the topic of a number of research reports. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. DA Davidson boosted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Jefferies Financial Group boosted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Bank of America boosted their price objective on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Five 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.45.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 569,785 shares of company stock valued at $44,474,738. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 4.8 %

Shares of NASDAQ PLTR opened at $79.62 on Friday. The stock has a fifty day simple moving average of $87.71 and a two-hundred day simple moving average of $64.59. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm has a market cap of $186.74 billion, a price-to-earnings ratio of 419.07, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

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.