Signaturefd LLC Has $4.12 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Signaturefd LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,424 shares of the company’s stock after purchasing an additional 7,578 shares during the quarter. Signaturefd LLC’s holdings in Palantir Technologies were worth $4,116,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Cibc World Markets Corp grew its holdings in Palantir Technologies by 37.6% in the 4th quarter. Cibc World Markets Corp now owns 376,997 shares of the company’s stock valued at $28,512,000 after buying an additional 102,994 shares during the last quarter. Addison Capital Co bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $352,000. IMG Wealth Management Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $92,000. SlateStone Wealth LLC increased its position in Palantir Technologies by 0.7% during the fourth quarter. SlateStone Wealth LLC now owns 108,654 shares of the company’s stock worth $8,218,000 after acquiring an additional 792 shares during the period. Finally, GWN Securities Inc. acquired a new position in Palantir Technologies during the 4th quarter valued at $312,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Robert W. Baird boosted their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price objective on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, 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 note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Stock Performance

Shares of PLTR opened at $86.24 on Monday. The stock has a fifty day moving average price of $87.83 and a two-hundred day moving average price of $65.46. The company has a market cap of $202.26 billion, a price-to-earnings ratio of 453.92, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at $64,958,509.98. The trade was a 4.09 % 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, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at $50,497.60. This trade represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,069,785 shares of company stock valued at $254,537,238 over the last ninety days. 12.93% of the stock is owned by 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.