Argent Trust Co Invests $354,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Argent Trust Co purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, Holdings Channel.com reports. The fund purchased 4,676 shares of the company’s stock, valued at approximately $354,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PLTR shares. UBS Group lifted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Daiwa Capital Markets began coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price target for the company. Jefferies Financial Group boosted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Finally, Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.19.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred 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 owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,989,975 shares of company stock worth $253,328,090. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $88.55 on Friday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a market capitalization of $207.68 billion, a P/E ratio of 466.08, a P/E/G ratio of 10.84 and a beta of 2.74. The firm’s 50 day simple moving average is $92.81 and its 200 day simple moving average is $73.02.

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.