Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Hartline Investment Corp

Hartline Investment Corp raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 33.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 182,984 shares of the company’s stock after purchasing an additional 45,469 shares during the period. Palantir Technologies comprises approximately 1.6% of Hartline Investment Corp’s portfolio, making the stock its 17th biggest holding. Hartline Investment Corp’s holdings in Palantir Technologies were worth $13,839,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. First PREMIER Bank purchased a new position in Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC increased its stake in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. R Squared Ltd purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $33,000. Elevation Wealth Partners LLC raised its position in shares of Palantir Technologies by 64.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 511 shares of the company’s stock worth $39,000 after purchasing an additional 200 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake in Palantir Technologies by 181.3% in the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 330 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of analyst reports. Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Wedbush upped their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.44.

Palantir Technologies Stock Up 5.2 %

Shares of PLTR stock opened at $116.65 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $116.76. The firm’s 50 day moving average price is $77.34 and its two-hundred day moving average price is $53.60. The stock has a market cap of $265.73 billion, a price-to-earnings ratio of 613.98, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Insider Activity

In related news, insider Alexander C. Karp sold 38,093 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $405,296,576.58. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the sale, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687. Company insiders own 12.93% of the company’s stock.

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.