Mezzasalma Advisors LLC Makes New $320,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Mezzasalma Advisors LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,230 shares of the company’s stock, valued at approximately $320,000.

A number of other institutional investors have also modified their holdings of PLTR. Vest Financial LLC bought a new stake in Palantir Technologies in the fourth quarter valued at about $913,000. Clientfirst Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $446,000. Quattro Financial Advisors LLC increased its holdings in shares of Palantir Technologies by 12.9% in the 4th quarter. Quattro Financial Advisors LLC now owns 28,220 shares of the company’s stock valued at $2,129,000 after acquiring an additional 3,220 shares during the last quarter. Conning Inc. bought a new position in Palantir Technologies during the fourth quarter worth $673,000. Finally, Clarity Wealth Advisors LLC acquired a new position in Palantir Technologies in the fourth quarter worth $380,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. DA Davidson increased their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday. Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday. UBS Group lifted their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho increased their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, Northland Securities boosted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $69.44.

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 1,823,602 shares of Palantir Technologies stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $406,004,124.96. The trade was a 22.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $50,128,019.74. The trade was a 3.83 % 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 quarter. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 0.4 %

Shares of NASDAQ:PLTR opened at $110.85 on Friday. The company has a 50 day moving average of $76.46 and a 200-day moving average of $52.67. The firm has a market cap of $252.52 billion, a P/E ratio of 583.45, a P/E/G ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $116.30.

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.