3,250 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Northeast Investment Management

Northeast Investment Management bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,250 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. GAMMA Investing LLC increased its holdings in shares of Palantir Technologies by 83.9% in the 3rd quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock worth $213,000 after purchasing an additional 2,607 shares in the last quarter. Daymark Wealth Partners LLC bought a new stake in Palantir Technologies in the 3rd quarter worth about $261,000. CWM LLC lifted its stake in Palantir Technologies by 17.2% during the 3rd quarter. CWM LLC now owns 112,897 shares of the company’s stock valued at $4,200,000 after acquiring an additional 16,552 shares during the period. Perpetual Ltd bought a new position in Palantir Technologies during the 3rd quarter valued at about $483,000. Finally, LVW Advisors LLC grew its stake in shares of Palantir Technologies by 6.4% in the third quarter. LVW Advisors LLC now owns 14,908 shares of the company’s stock worth $555,000 after acquiring an additional 896 shares during the period. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLTR. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Wedbush raised their price target on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America lifted 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. Mizuho increased their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $69.44.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $110.85 on Friday. The stock has a market cap of $252.52 billion, a PE ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The firm has a fifty day moving average price of $77.34 and a 200-day moving average price of $53.24. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $116.30.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on 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 completion of the sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,656,687 shares of company stock valued at $1,040,105,687 over the last ninety days. 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.