4,880 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Sage Advisors LLC

Sage Advisors LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,880 shares of the company’s stock, valued at approximately $369,000. Palantir Technologies comprises about 0.3% of Sage Advisors LLC’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Palantir Technologies by 63.4% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 37,631 shares of the company’s stock worth $1,400,000 after purchasing an additional 14,600 shares during the last quarter. Good Life Advisors LLC boosted its position in shares of Palantir Technologies by 7.3% during the third quarter. Good Life Advisors LLC now owns 14,683 shares of the company’s stock worth $546,000 after buying an additional 997 shares during the period. Global Retirement Partners LLC grew its holdings in Palantir Technologies by 99.5% in the 3rd quarter. Global Retirement Partners LLC now owns 34,804 shares of the company’s stock worth $1,295,000 after buying an additional 17,357 shares in the last quarter. Bleakley Financial Group LLC increased its position in Palantir Technologies by 10.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 47,395 shares of the company’s stock valued at $1,763,000 after acquiring an additional 4,664 shares during the period. Finally, Trifecta Capital Advisors LLC raised its stake in Palantir Technologies by 33.2% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 110,315 shares of the company’s stock valued at $4,104,000 after acquiring an additional 27,505 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Citigroup increased their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. DA Davidson boosted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $69.44.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 38,093 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total value of $2,400,239.93. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 9,346,976 shares of company stock valued at $642,660,729 in the last 90 days. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Up 1.1 %

Shares of Palantir Technologies stock opened at $119.16 on Friday. The stock’s fifty day simple moving average is $81.90 and its 200 day simple moving average is $56.35. The company has a market capitalization of $271.45 billion, a PE ratio of 627.19, a PEG 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 $120.67.

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.