Lokken Investment Group LLC Purchases Shares of 3,082 Palantir Technologies Inc. (NASDAQ:PLTR)

Lokken Investment Group LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 3,082 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Townsquare Capital LLC lifted its stake in Palantir Technologies by 87.9% during the third quarter. Townsquare Capital LLC now owns 38,006 shares of the company’s stock worth $1,414,000 after purchasing an additional 17,775 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in Palantir Technologies by 87.2% during the third quarter. Glenmede Trust Co. NA now owns 21,558 shares of the company’s stock worth $802,000 after purchasing an additional 10,040 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $3,207,000. Hantz Financial Services Inc. boosted its holdings in shares of Palantir Technologies by 37.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,585 shares of the company’s stock valued at $96,000 after buying an additional 705 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at $65,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $84.40 on Tuesday. The stock’s 50 day moving average price is $92.23 and its 200 day moving average price is $69.88. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a market cap of $197.95 billion, a PE ratio of 444.23, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLTR. Citigroup boosted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. DA Davidson raised their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Finally, Bank of America increased 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. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $74.45.

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.