Physicians Financial Services Inc. Invests $416,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Physicians Financial Services Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,500 shares of the company’s stock, valued at approximately $416,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Compass Capital Corp MA ADV acquired a new position in Palantir Technologies during the fourth quarter worth about $2,695,000. Suncoast Equity Management acquired a new position in Palantir Technologies during the fourth quarter worth about $378,000. Cromwell Holdings LLC raised its stake in Palantir Technologies by 41.8% during the fourth quarter. Cromwell Holdings LLC now owns 3,571 shares of the company’s stock worth $270,000 after acquiring an additional 1,053 shares in the last quarter. Prakash Investment Advisors LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $216,000. Finally, Mattern Capital Management LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth about $345,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the business’s stock in a transaction on Monday, November 25th. The stock was 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. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,680,992 shares of company stock worth $473,395,877 in the last ninety days. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Down 5.2 %

NASDAQ:PLTR opened at $106.27 on Friday. The stock has a market cap of $242.09 billion, a P/E ratio of 559.35, a PEG ratio of 11.52 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The business’s 50-day moving average price is $85.36 and its two-hundred day moving average price is $58.84.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTR. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Bank of America upped their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Robert W. Baird upped their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $73.21.

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.