Addison Capital Co Makes New $352,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Addison Capital Co purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,660 shares of the company’s stock, valued at approximately $352,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Palantir Technologies by 3.4% during the 3rd quarter. Victory Capital Management Inc. now owns 682,748 shares of the company’s stock valued at $25,398,000 after purchasing an additional 22,672 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Palantir Technologies by 8.0% during the third quarter. Huntington National Bank now owns 8,770 shares of the company’s stock valued at $326,000 after purchasing an additional 647 shares in the last quarter. Curi RMB Capital LLC purchased a new stake in shares of Palantir Technologies during the third quarter valued at $245,000. ING Groep NV purchased a new stake in shares of Palantir Technologies during the third quarter valued at $3,196,000. Finally, OneDigital Investment Advisors LLC increased its holdings in Palantir Technologies by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 34,146 shares of the company’s stock worth $1,270,000 after buying an additional 998 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $50,497.60. This represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,069,785 shares of company stock worth $254,537,238. 12.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLTR. Loop Capital dropped their price target on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup raised their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Jefferies Financial Group lifted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Mizuho increased their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, UBS Group lifted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Trading Up 8.3 %

PLTR opened at $86.24 on Monday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The stock has a 50-day moving average of $87.83 and a 200 day moving average of $65.46. The firm has a market cap of $202.26 billion, a P/E ratio of 453.92, a P/E/G ratio of 10.84 and a beta of 2.81.

Palantir Technologies 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.