Modera Wealth Management LLC Buys Shares of 13,380 Palantir Technologies Inc. (NASDAQ:PLTR)

Modera Wealth Management LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,380 shares of the company’s stock, valued at approximately $1,012,000.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Roxbury Financial LLC purchased a new position in Palantir Technologies in the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC boosted its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $31,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. The trade was a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the transaction, the insider now directly owns 702,786 shares of the company’s stock, valued at $64,958,509.98. This represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,439,783 shares of company stock valued at $107,497,043. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Loop Capital assumed coverage on Palantir Technologies in a report on Thursday, February 20th. They issued a “buy” rating and a $141.00 price target for the company. Wedbush reiterated an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a research report on Monday. Citigroup lifted their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.79.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $83.42 on Tuesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a market capitalization of $190.03 billion, a price-to-earnings ratio of 439.08, a PEG ratio of 10.84 and a beta of 2.81. The business has a 50-day moving average of $87.14 and a 200-day moving average of $62.23.

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.