Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Almanack Investment Partners LLC.

Almanack Investment Partners LLC. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,776 shares of the company’s stock after purchasing an additional 1,858 shares during the period. Almanack Investment Partners LLC.’s holdings in Palantir Technologies were worth $891,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Mezzasalma Advisors LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $320,000. Vest Financial LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $913,000. Clientfirst Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $446,000. Quattro Financial Advisors LLC lifted its position in shares of Palantir Technologies by 12.9% during 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 period. Finally, Conning Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $673,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PLTR shares. Mizuho boosted their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Jefferies Financial Group raised their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $95.00 in a report on Tuesday. Finally, DA Davidson raised their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.44.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the transaction, the director now owns 111,644 shares in the company, valued at $7,454,469.88. This represents a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % 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 worth $1,040,105,687 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Down 0.4 %

Shares of Palantir Technologies stock opened at $110.85 on Friday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $116.30. The stock has a market cap of $252.52 billion, a price-to-earnings ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The company has a fifty day moving average price of $76.46 and a 200 day moving average price of $52.67.

Palantir Technologies Company 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.