EntryPoint Capital LLC Buys New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

EntryPoint Capital LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,618 shares of the company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. increased its stake in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares during the period. Diversify Wealth Management LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at about $876,000. Destiny Wealth Partners LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $3,233,000. Coldstream Capital Management Inc. purchased a new stake in shares of Palantir Technologies during the third quarter worth about $639,000. Finally, Boston Family Office LLC grew its stake in shares of Palantir Technologies by 48.0% in the third 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 last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped 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 target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Loop Capital reduced their price objective on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada raised their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Finally, Northland Securities boosted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Five research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.45.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $96.51 on Wednesday. The company has a 50-day simple moving average of $90.80 and a two-hundred day simple moving average of $68.37. The stock has a market capitalization of $226.35 billion, a PE ratio of 507.97, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now directly owns 170,273 shares in the company, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now 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. Insiders sold a total of 3,379,785 shares of company stock worth $281,528,938 in the last three months. Insiders own 12.93% of the company’s stock.

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.