Mainsail Asset Management LLC Raises Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Mainsail Asset Management LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,324 shares of the company’s stock after buying an additional 614 shares during the period. Palantir Technologies comprises about 0.7% of Mainsail Asset Management LLC’s holdings, making the stock its 17th biggest position. Mainsail Asset Management LLC’s holdings in Palantir Technologies were worth $1,008,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PLTR. Global Retirement Partners LLC lifted its position in shares of Palantir Technologies by 99.5% during the 3rd quarter. Global Retirement Partners LLC now owns 34,804 shares of the company’s stock valued at $1,295,000 after buying an additional 17,357 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Palantir Technologies by 10.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 47,395 shares of the company’s stock valued at $1,763,000 after acquiring an additional 4,664 shares during the period. V Square Quantitative Management LLC purchased a new stake in Palantir Technologies during the third quarter valued at about $265,000. Aaron Wealth Advisors LLC bought a new position in Palantir Technologies during the third quarter worth about $312,000. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Palantir Technologies by 15.2% in the third quarter. Stratos Wealth Partners LTD. now owns 170,499 shares of the company’s stock worth $6,343,000 after purchasing an additional 22,543 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on PLTR shares. Citigroup upped their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Bank of America lifted their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Mizuho increased their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, UBS Group increased 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. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.44.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 38,093 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total value of $2,400,239.93. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $405,296,576.58. The trade was a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,339,480 shares of company stock valued at $578,221,285. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $119.16 on Monday. The company has a market capitalization of $271.45 billion, a price-to-earnings ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81. The business has a 50 day moving average of $81.90 and a 200 day moving average of $56.77. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $120.67.

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.