Callan Capital LLC Takes $254,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Callan Capital LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,355 shares of the company’s stock, valued at approximately $254,000.

Several other institutional investors have also recently made changes to their positions in the company. Element Wealth LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $312,000. Trellis Wealth Advisors LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $392,000. Navellier & Associates Inc. grew its stake in Palantir Technologies by 30.9% in the fourth quarter. Navellier & Associates Inc. now owns 33,961 shares of the company’s stock valued at $2,568,000 after purchasing an additional 8,022 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in Palantir Technologies in the fourth quarter valued at about $228,000. Finally, Paradigm Asset Management Co. LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $1,513,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 88,129 shares of the company’s stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,671,246 shares of company stock valued at $472,745,137 over the last quarter. 12.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on PLTR shares. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, DA Davidson raised their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.21.

Palantir Technologies Stock Down 4.6 %

Palantir Technologies stock opened at $101.33 on Monday. 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 $230.84 billion, a price-to-earnings ratio of 533.36, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The stock has a 50-day moving average price of $85.87 and a 200 day moving average price of $59.84.

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.