Palantir Technologies Inc. (NASDAQ:PLTR) Position Lifted by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 36,842 shares of the company’s stock after purchasing an additional 2,854 shares during the period. Palantir Technologies accounts for approximately 1.6% of Kapstone Financial Advisors LLC’s holdings, making the stock its 14th biggest holding. Kapstone Financial Advisors LLC’s holdings in Palantir Technologies were worth $2,939,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Prestige Wealth Management Group LLC lifted its stake in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the 4th quarter worth about $28,000. Wolff Wiese Magana LLC boosted its holdings in shares of 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 buying an additional 265 shares during the period. Finally, HighMark Wealth Management LLC grew its position in shares of Palantir Technologies by 73.5% during the 4th 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. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.8 %

NASDAQ:PLTR opened at $83.42 on Tuesday. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm has a market cap of $190.03 billion, a P/E ratio of 439.08, a PEG ratio of 10.84 and a beta of 2.81. The business’s 50-day moving average price is $87.14 and its 200 day moving average price is $62.23.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 450,000 shares of the 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 sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,439,783 shares of company stock worth $107,497,043. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent research reports. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. DA Davidson increased their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.79.

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.