Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Lifted by TBH Global Asset Management LLC

TBH Global Asset Management LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,595 shares of the company’s stock after purchasing an additional 1,132 shares during the quarter. TBH Global Asset Management LLC’s holdings in Palantir Technologies were worth $801,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PLTR. Northwest Investment Counselors LLC bought a new position in Palantir Technologies during the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the period. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter worth about $28,000. Finally, Wolff Wiese Magana LLC raised its position in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the transaction, the director now owns 111,644 shares in the company, valued at $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alexander C. Karp sold 1,620,395 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $406,583,028.18. The trade was a 20.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,301,387 shares of company stock worth $575,821,045 in the last 90 days. 12.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLTR shares. Bank of America raised their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Mizuho lifted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. UBS Group increased their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Citigroup upped their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $69.44.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $112.06 on Thursday. The company has a market capitalization of $255.27 billion, a P/E ratio of 589.82, a P/E/G ratio of 12.25 and a beta of 2.81. The stock’s 50 day moving average price is $84.70 and its 200 day moving average price is $58.51. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41.

Palantir Technologies 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.