522,376 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, HoldingsChannel reports. The fund purchased 522,376 shares of the company’s stock, valued at approximately $39,507,000.

Other large investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank purchased a new position in Palantir Technologies in the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC lifted its holdings in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 5,250,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the transaction, the insider now owns 752,786 shares in the company, valued at $52,755,242.88. The trade was a 87.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather A. Planishek sold 18,537 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $102.32, for a total value of $1,896,705.84. Following the completion of the sale, the insider now owns 493,469 shares of the company’s stock, valued at $50,491,748.08. This represents a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,689,783 shares of company stock worth $475,417,043 in the last quarter. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLTR. Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. UBS Group lifted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Bank of America lifted their price objective on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Loop Capital began coverage on Palantir Technologies in a research note on Thursday, February 20th. They issued a “buy” rating and a $141.00 price objective on the stock. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.21.

Palantir Technologies Stock Up 0.1 %

PLTR opened at $84.86 on Friday. The business has a fifty day moving average of $87.09 and a 200 day moving average of $61.43. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The stock has a market cap of $193.31 billion, a P/E ratio of 446.64, a PEG ratio of 10.84 and a beta of 2.81.

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.