Tradition Wealth Management LLC Acquires 10,702 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Tradition Wealth Management LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,534 shares of the company’s stock after purchasing an additional 10,702 shares during the period. Tradition Wealth Management LLC’s holdings in Palantir Technologies were worth $4,049,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter worth $28,000. Wolff Wiese Magana LLC lifted its position in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares in the last quarter. HighMark Wealth Management LLC boosted its position in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying 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.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares of the company’s stock, valued at $9,059,661.20. This represents a 11.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PLTR. Citigroup upped their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Daiwa Capital Markets began coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price objective on the stock. Royal Bank of Canada raised their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Mizuho upped their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.71.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $93.78 on Friday. Palantir Technologies Inc. has a 1 year low of $20.36 and a 1 year high of $125.41. The firm has a market cap of $219.95 billion, a PE ratio of 493.60, a PEG ratio of 10.84 and a beta of 2.74. The company has a 50 day simple moving average of $91.18 and a two-hundred day simple moving average of $75.01.

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.