Steward Partners Investment Advisory LLC Acquires 65,285 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Steward Partners Investment Advisory LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 47.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 202,442 shares of the company’s stock after purchasing an additional 65,285 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Palantir Technologies were worth $15,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PLTR. WMG Financial Advisors LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $225,000. Gryphon Financial Partners LLC boosted its holdings in Palantir Technologies by 14.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 7,998 shares of the company’s stock valued at $605,000 after purchasing an additional 1,017 shares during the period. Mission Wealth Management LP grew its position in Palantir Technologies by 13.7% in the 4th quarter. Mission Wealth Management LP now owns 10,528 shares of the company’s stock worth $796,000 after purchasing an additional 1,270 shares during the last quarter. Silver Coast Investments LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth about $284,000. Finally, Keystone Wealth Services LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $349,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $84.40 on Wednesday. The business has a fifty day moving average of $87.18 and a 200-day moving average of $62.60. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The firm has a market cap of $192.26 billion, a PE ratio of 444.23, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,439,783 shares of company stock valued at $107,497,043 in the last 90 days. 12.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLTR shares. Jefferies Financial Group boosted their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Mizuho boosted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.79.

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.