9,403 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by First Foundation Advisors

First Foundation Advisors bought a new position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,403 shares of the company’s stock, valued at approximately $711,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC raised its stake in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its position in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $31,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 18,537 shares of Palantir Technologies stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the sale, the insider now owns 493,469 shares in the company, valued at $50,491,748.08. The trade was a 3.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the transaction, the director now owns 88,129 shares in the company, valued at $9,059,661.20. This trade represents a 11.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,989,975 shares of company stock worth $253,328,090. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 3.7 %

Shares of NASDAQ PLTR opened at $88.59 on Friday. The firm’s 50-day moving average price is $93.12 and its two-hundred day moving average price is $72.66. The stock has a market capitalization of $207.78 billion, a P/E ratio of 466.29, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PLTR. Bank of America raised their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price on the stock. Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. DA Davidson lifted their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a research note on Monday, March 3rd. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $75.19.

Check Out Our Latest Analysis on Palantir Technologies

Palantir Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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