Howe & Rusling Inc. Takes $435,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Howe & Rusling Inc. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, Holdings Channel reports. The firm bought 5,757 shares of the company’s stock, valued at approximately $435,000.

Several other large investors have also added to or reduced their stakes in the business. Roxbury Financial LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC grew its stake in shares of 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 acquiring an additional 265 shares in the last quarter. HighMark Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $31,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $90.09 on Friday. The firm’s 50-day moving average price is $91.70 and its 200-day moving average price is $68.69. The company has a market capitalization of $211.29 billion, a PE ratio of 474.18, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Bank of America increased their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Loop Capital dropped their price target on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, UBS Group raised their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $74.45.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 483,987 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the completion of the sale, the insider now owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is currently owned by company insiders.

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.