Quotient Wealth Partners LLC Increases Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Quotient Wealth Partners LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,223 shares of the company’s stock after purchasing an additional 804 shares during the period. Quotient Wealth Partners LLC’s holdings in Palantir Technologies were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLTR. Northeast Investment Management bought a new position in Palantir Technologies during the 4th quarter worth about $246,000. Birch Hill Investment Advisors LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $296,000. Empowered Funds LLC raised its stake in Palantir Technologies by 16.2% in the fourth quarter. Empowered Funds LLC now owns 84,969 shares of the company’s stock worth $6,426,000 after buying an additional 11,874 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in Palantir Technologies by 134.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,340 shares of the company’s stock valued at $177,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Hendershot Investments Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $529,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.10, for a total value of $283,950,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $405,875,479.80. This represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687 over the last ninety days. Insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Wedbush lifted their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Jefferies Financial Group increased their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Finally, Mizuho raised their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $69.44.

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 firm’s 50-day moving average price is $77.34 and its 200 day moving average price is $53.24. The firm has a market capitalization of $252.52 billion, a PE ratio of 583.45, a P/E/G ratio of 11.44 and a beta of 2.81.

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.