Ascent Wealth Partners LLC Takes $257,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Ascent Wealth Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,392 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds also recently bought and sold shares of PLTR. Cabot Wealth Management Inc. purchased a new stake in Palantir Technologies in the 4th quarter worth $272,000. Benningfield Financial Advisors LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $15,885,000. Howard Capital Management Inc. grew its holdings in Palantir Technologies by 4.4% during the 4th quarter. Howard Capital Management Inc. now owns 11,667 shares of the company’s stock valued at $882,000 after purchasing an additional 487 shares during the last quarter. WESPAC Advisors LLC bought a new position in Palantir Technologies during the 4th quarter valued at about $1,554,000. Finally, Wealthspire Advisors LLC grew its stake in Palantir Technologies by 9.1% in the 4th quarter. Wealthspire Advisors LLC now owns 83,016 shares of the company’s stock worth $6,278,000 after acquiring an additional 6,953 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 4.6 %

NASDAQ PLTR opened at $101.33 on Friday. The stock’s 50-day moving average price is $85.87 and its two-hundred day moving average price is $59.60. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market cap of $230.84 billion, a PE ratio of 533.36, a PEG ratio of 10.84 and a beta of 2.81.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Mizuho increased their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Wedbush raised their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, Loop Capital began coverage on shares of Palantir Technologies in a report on Thursday. They set a “buy” rating and a $141.00 target price for the company. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.21.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the transaction, the director now owns 111,644 shares in the company, valued at $7,454,469.88. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $66.59, for a total value of $1,997,700.00. Following the transaction, the insider now owns 752,786 shares in the company, valued at $50,128,019.74. This trade represents a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,680,992 shares of company stock valued at $473,395,877 over the last ninety days. 12.93% of the stock is owned by company insiders.

About Palantir Technologies

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.