Bogart Wealth LLC Has $242,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Bogart Wealth LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 118.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,204 shares of the company’s stock after buying an additional 1,735 shares during the quarter. Bogart Wealth LLC’s holdings in Palantir Technologies were worth $242,000 at the end of the most recent reporting period.

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

Insider Transactions at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 1,007,496 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $63.96, for a total transaction of $64,439,444.16. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $411,407,221.68. The trade was a 13.54 % 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 quarter. Insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLTR shares. UBS Group boosted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Northland Securities boosted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $119.16 on Friday. The company’s fifty day moving average price is $81.05 and its 200-day moving average price is $55.71. The firm has a market capitalization of $271.45 billion, a price-to-earnings ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $120.67.

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.