Wealth High Governance Capital Ltda Invests $4.69 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Wealth High Governance Capital Ltda bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 62,000 shares of the company’s stock, valued at approximately $4,689,000. Palantir Technologies accounts for approximately 1.7% of Wealth High Governance Capital Ltda’s holdings, making the stock its 28th biggest position.

Several other large investors have also made changes to their positions in PLTR. Verdence Capital Advisors LLC raised its stake in shares of Palantir Technologies by 15.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,175 shares of the company’s stock worth $416,000 after buying an additional 1,487 shares during the period. Atria Investments Inc raised its stake in shares of Palantir Technologies by 7.5% during the 3rd quarter. Atria Investments Inc now owns 55,014 shares of the company’s stock worth $2,047,000 after buying an additional 3,835 shares during the period. XML Financial LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $245,000. Sigma Planning Corp raised its stake in shares of Palantir Technologies by 11.1% during the 3rd quarter. Sigma Planning Corp now owns 67,373 shares of the company’s stock worth $2,506,000 after buying an additional 6,732 shares during the period. Finally, Baker Avenue Asset Management LP acquired a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $210,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 2.2 %

PLTR opened at $78.05 on Wednesday. The stock’s 50-day moving average price is $87.46 and its 200 day moving average price is $64.35. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The firm has a market cap of $183.06 billion, a price-to-earnings ratio of 410.81, a PEG ratio of 10.84 and a beta of 2.81.

Analyst Ratings Changes

PLTR has been the subject of several research reports. Cantor Fitzgerald boosted their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group boosted their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Finally, Citigroup boosted their price target on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $75.25.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 416,053 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.17, for a total value of $30,858,651.01. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $43,908.64. This trade represents a 99.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 985,838 shares of company stock valued at $75,333,389. Corporate insiders own 12.93% of the company’s stock.

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.