J.W. Cole Advisors Inc. Raises Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

J.W. Cole Advisors Inc. lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 60,135 shares of the company’s stock after purchasing an additional 1,016 shares during the period. J.W. Cole Advisors Inc.’s holdings in Palantir Technologies were worth $4,548,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PLTR. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth about $25,000. Prestige Wealth Management Group LLC lifted its position in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. Roxbury Financial LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter worth approximately $28,000. Finally, Wolff Wiese Magana LLC lifted its position in 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 acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. The Goldman Sachs Group upped their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Bank of America upped their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Six 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Stock Up 1.1 %

NASDAQ:PLTR opened at $119.16 on Friday. The business’s 50-day moving average price is $81.90 and its 200 day moving average price is $56.56. The firm has a market cap of $271.45 billion, a P/E ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $120.67.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 1,007,496 shares of Palantir Technologies stock in a transaction dated 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $50,128,019.74. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,346,976 shares of company stock valued at $642,660,729. 12.93% of the stock is owned by corporate insiders.

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.