PKS Advisory Services LLC Invests $237,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

PKS Advisory Services LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,136 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Signature Estate & Investment Advisors LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $222,000. Heritage Wealth Management Inc. CA boosted its holdings in shares of Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after acquiring an additional 111 shares in the last quarter. Zions Bancorporation N.A. increased its stake in shares of Palantir Technologies by 191.3% during the fourth quarter. Zions Bancorporation N.A. now owns 2,115 shares of the company’s stock valued at $160,000 after acquiring an additional 1,389 shares during the period. EFG Asset Management North America Corp. raised its holdings in Palantir Technologies by 59.5% during the fourth quarter. EFG Asset Management North America Corp. now owns 172,682 shares of the company’s stock worth $13,063,000 after purchasing an additional 64,409 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in Palantir Technologies in the fourth quarter worth approximately $576,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.07, for a total value of $26,991,700.00. Following the sale, the insider now directly owns 592 shares in the company, valued at $51,545.44. The trade was a 99.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PLTR shares. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Bank of America boosted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Citigroup lifted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Finally, DA Davidson increased their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.45.

Palantir Technologies Stock Down 0.2 %

Shares of NASDAQ PLTR opened at $96.51 on Wednesday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a market cap of $226.35 billion, a P/E ratio of 507.97, a P/E/G ratio of 10.84 and a beta of 2.81. The business’s 50 day moving average is $90.80 and its two-hundred day moving average is $68.37.

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.