West Family Investments Inc. Buys New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

West Family Investments Inc. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,969 shares of the company’s stock, valued at approximately $376,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC lifted its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC purchased a new position in Palantir Technologies in the fourth quarter valued at $27,000. First PREMIER Bank purchased a new position in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC increased its holdings 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 buying an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC increased its holdings in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 5.7 %

Shares of NASDAQ PLTR opened at $85.07 on Friday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The stock has a market cap of $199.51 billion, a PE ratio of 447.74, a P/E/G ratio of 10.84 and a beta of 2.81. The company has a 50-day moving average of $87.31 and a 200 day moving average of $62.91.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent analyst reports. Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Robert W. Baird lifted their price objective 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. Royal Bank of Canada lifted 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. Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, William Blair raised shares of Palantir Technologies from an “underperform” rating to a “market perform” rating in a report on Wednesday. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $74.79.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’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 transaction, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $42,002.40. The trade was a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,435,838 shares of company stock valued at $107,260,889. Corporate insiders own 12.93% of the company’s stock.

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.