Stevard LLC Acquires Shares of 4,765 Palantir Technologies Inc. (NASDAQ:PLTR)

Stevard LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, Holdings Channel reports. The firm purchased 4,765 shares of the company’s stock, valued at approximately $360,000. Palantir Technologies accounts for about 1.3% of Stevard LLC’s portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. MIG Capital LLC bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $341,000. Quadrant Capital Group LLC boosted its position in shares of Palantir Technologies by 158.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,265 shares of the company’s stock valued at $398,000 after buying an additional 3,224 shares during the period. Cascades Capital Asset Management LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $294,000. Russell Investments Group Ltd. lifted its stake in shares of Palantir Technologies by 20.7% during the 4th quarter. Russell Investments Group Ltd. now owns 706,487 shares of the company’s stock worth $53,494,000 after acquiring an additional 121,312 shares during the last quarter. Finally, Hurley Capital LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, 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 in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Down 11.5 %

Shares of NASDAQ PLTR opened at $74.01 on Friday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The business’s 50 day moving average is $92.67 and its two-hundred day moving average is $70.93. The company has a market cap of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Loop Capital reissued a “buy” rating on shares of Palantir Technologies in a research report on Friday. Robert W. Baird raised their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities lifted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Royal Bank of Canada increased their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $75.19.

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.