Artemis Wealth Advisors LLC Acquires New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Artemis Wealth Advisors LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,500 shares of the company’s stock, valued at approximately $2,080,000. Palantir Technologies makes up about 0.4% of Artemis Wealth Advisors LLC’s portfolio, making the stock its 16th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in shares of Palantir Technologies by 227.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock valued at $4,546,000 after purchasing an additional 84,856 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Palantir Technologies by 80.2% in the third quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock valued at $1,377,000 after purchasing an additional 16,469 shares during the period. Allworth Financial LP raised its position in shares of Palantir Technologies by 8.3% in the third quarter. Allworth Financial LP now owns 24,590 shares of the company’s stock valued at $915,000 after purchasing an additional 1,891 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Palantir Technologies by 2,252.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,645 shares of the company’s stock valued at $6,323,000 after purchasing an additional 164,349 shares during the period. Finally, Clear Harbor Asset Management LLC raised its position in shares of Palantir Technologies by 12.6% in the third quarter. Clear Harbor Asset Management LLC now owns 17,829 shares of the company’s stock valued at $663,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Loop Capital assumed coverage on shares of Palantir Technologies in a research report on Thursday, February 20th. They issued a “buy” rating and a $141.00 price target on the stock. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Robert W. Baird raised their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Wedbush raised their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, DA Davidson raised their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $73.21.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total value of $367,920,000.00. Following the transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. The trade was a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,719,783 shares of company stock worth $477,414,743 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $90.68 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The firm’s fifty day moving average price is $86.17 and its two-hundred day moving average price is $60.27. The company has a market capitalization of $206.57 billion, a P/E ratio of 477.29, a P/E/G ratio of 10.84 and a beta of 2.81.

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.