Insigneo Advisory Services LLC Purchases 18,159 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Insigneo Advisory Services LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 80.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 40,656 shares of the company’s stock after buying an additional 18,159 shares during the period. Insigneo Advisory Services LLC’s holdings in Palantir Technologies were worth $3,075,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PLTR. Mather Group LLC. grew its position in shares of Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 448 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at approximately $876,000. Destiny Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Kieckhefer Group LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth $11,769,000. Finally, Grange Capital LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $5,829,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 6.2 %

Shares of Palantir Technologies stock opened at $98.40 on Wednesday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The company has a market capitalization of $230.78 billion, a PE ratio of 517.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The stock’s fifty day moving average is $92.38 and its two-hundred day moving average is $73.83.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares in the company, valued at approximately $33,382,558.80. This represents a 19.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. DA Davidson reduced their price objective on Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday. UBS Group increased their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Citigroup boosted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.95.

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.