5,547 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,547 shares of the company’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. grew its holdings in Palantir Technologies by 4.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 810,833 shares of the company’s stock worth $64,121,000 after acquiring an additional 35,049 shares during the period. Life Planning Partners Inc acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $11,663,000. Guardian Asset Advisors LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $949,000. Aljian Capital Management LLC grew its holdings in Palantir Technologies by 7.1% in the fourth quarter. Aljian Capital Management LLC now owns 44,891 shares of the company’s stock valued at $3,395,000 after purchasing an additional 2,973 shares during the period. Finally, Avestar Capital LLC grew its holdings in Palantir Technologies by 91.5% in the fourth quarter. Avestar Capital LLC now owns 15,616 shares of the company’s stock valued at $1,181,000 after purchasing an additional 7,462 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total value of $367,920,000.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $52,755,242.88. The trade was a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,346,976 shares of company stock valued at $642,660,729. 12.93% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on PLTR shares. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. UBS Group raised their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Robert W. Baird raised their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted their price target on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $69.44.

Palantir Technologies Trading Up 1.1 %

Shares of NASDAQ PLTR opened at $119.16 on Friday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $120.67. The stock has a fifty day simple moving average of $81.05 and a 200-day simple moving average of $55.71. The stock has a market capitalization of $271.45 billion, a PE ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81.

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.