Avestar Capital LLC Purchases 7,462 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Avestar Capital LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 91.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,616 shares of the company’s stock after purchasing an additional 7,462 shares during the quarter. Avestar Capital LLC’s holdings in Palantir Technologies were worth $1,181,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Mather Group LLC. boosted its stake in shares of Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the period. Diversify Wealth Management LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at $3,233,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after purchasing an additional 68,945 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 4.2 %

Shares of NASDAQ:PLTR opened at $117.39 on Thursday. The company has a 50 day moving average of $80.12 and a 200 day moving average of $55.28. The stock has a market cap of $267.42 billion, a P/E ratio of 617.87, a P/E/G ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $118.66.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. UBS Group increased their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, DA Davidson boosted their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $69.44.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $66.59, for a total value of $1,997,700.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at $50,128,019.74. This represents a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $405,875,479.80. The trade was a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,833,085 shares of company stock valued at $924,999,929 in the last three months. Company insiders own 12.93% of the company’s stock.

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.