Trek Financial LLC Buys Shares of 16,991 Palantir Technologies Inc. (NASDAQ:PLTR)

Trek Financial LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,991 shares of the company’s stock, valued at approximately $1,285,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janus Henderson Group PLC grew its stake in shares of Palantir Technologies by 170.0% during the 3rd quarter. Janus Henderson Group PLC now owns 373,534 shares of the company’s stock valued at $13,897,000 after acquiring an additional 235,168 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Palantir Technologies in the third quarter worth approximately $280,000. Quantinno Capital Management LP increased its stake in shares of Palantir Technologies by 335.0% in the third quarter. Quantinno Capital Management LP now owns 115,698 shares of the company’s stock worth $4,304,000 after purchasing an additional 89,098 shares in the last quarter. Stifel Financial Corp raised its position in shares of Palantir Technologies by 1.9% during the 3rd quarter. Stifel Financial Corp now owns 948,470 shares of the company’s stock valued at $35,283,000 after purchasing an additional 17,561 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Palantir Technologies by 3,106.8% during the 3rd quarter. Wellington Management Group LLP now owns 775,208 shares of the company’s stock valued at $28,838,000 after buying an additional 751,034 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 11.5 %

PLTR stock opened at $74.01 on Monday. The stock has a market cap of $173.58 billion, a PE ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a 50-day moving average price of $92.67 and a 200 day moving average price of $71.18.

Analyst Ratings Changes

A number of equities research analysts have commented on PLTR shares. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Citigroup increased their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Finally, Royal Bank of Canada raised their target price on shares of Palantir Technologies from $11.00 to $40.00 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, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $75.19.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now owns 512,006 shares of the company’s stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,993,175 shares of company stock worth $253,549,610 over the last 90 days. Company insiders own 12.93% of the company’s stock.

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.