Smith Moore & CO. Invests $423,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Smith Moore & CO. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,594 shares of the company’s stock, valued at approximately $423,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $28,000. Wolff Wiese Magana LLC lifted its holdings in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% in 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. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 11.5 %

Shares of NASDAQ PLTR opened at $74.01 on Friday. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm has a fifty day moving average of $92.67 and a 200-day moving average of $70.93. The stock has a market capitalization of $173.58 billion, a PE ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,993,175 shares of company stock worth $253,549,610. 12.93% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. 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 note on Tuesday, February 4th. Daiwa America raised Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Wedbush reissued an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Finally, Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.19.

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.