Lynx Investment Advisory Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Lynx Investment Advisory acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,025 shares of the company’s stock, valued at approximately $304,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 448 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $3,233,000. Coldstream Capital Management Inc. acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at about $639,000. Finally, Boston Family Office LLC grew its holdings in shares of Palantir Technologies by 48.0% during the 3rd quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock worth $1,376,000 after purchasing an additional 12,000 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 4.1 %

Shares of NASDAQ:PLTR opened at $90.96 on Monday. The firm has a 50-day simple moving average of $89.55 and a 200 day simple moving average of $67.44. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The company has a market cap of $213.33 billion, a PE ratio of 478.76, a P/E/G ratio of 10.84 and a beta of 2.81.

Insider Activity

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of several research reports. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Citigroup upped their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. UBS Group raised their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. DA Davidson upped 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. Finally, Bank of America boosted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $74.45.

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.