Roman Butler Fullerton & Co. Invests $222,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Roman Butler Fullerton & Co. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,941 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System lifted its stake in shares of Palantir Technologies by 3.2% in the fourth quarter. New York State Teachers Retirement System now owns 1,597,211 shares of the company’s stock worth $120,797,000 after buying an additional 49,829 shares in the last quarter. Asset Planning Inc purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $101,000. Vicus Capital purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $256,000. V Square Quantitative Management LLC raised its holdings in shares of Palantir Technologies by 26.4% during the fourth quarter. V Square Quantitative Management LLC now owns 9,018 shares of the company’s stock valued at $682,000 after purchasing an additional 1,885 shares during the last quarter. Finally, Palacios Wealth Management LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $1,064,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $119.16 on Friday. The firm has a fifty day moving average price of $81.90 and a 200-day moving average price of $56.56. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $120.67. The stock has a market cap of $271.45 billion, a PE ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Robert W. Baird upped their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Bank of America upped their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, DA Davidson upped their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.44.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 38,093 shares of Palantir Technologies stock in a transaction dated 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 sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $405,296,576.58. The trade was a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 5,250,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the completion of the sale, the insider now owns 752,786 shares in the company, valued at $52,755,242.88. This represents a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,346,976 shares of company stock worth $642,660,729. 12.93% of the stock is owned by insiders.

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.