Certior Financial Group LLC Acquires Shares of 7,067 Palantir Technologies Inc. (NASDAQ:PLTR)

Certior Financial Group LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, Holdings Channel.com reports. The firm bought 7,067 shares of the company’s stock, valued at approximately $534,000.

Other hedge funds have also modified their holdings of the company. Heritage Wealth Management Inc. CA raised its stake in shares of Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after purchasing an additional 111 shares during the period. Westover Capital Advisors LLC increased its stake in Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock worth $554,000 after buying an additional 130 shares during the period. Tritonpoint Wealth LLC lifted its holdings in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock worth $537,000 after buying an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its stake in shares of Palantir Technologies by 2.2% during the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after acquiring an additional 139 shares in the last quarter. Finally, Truvestments Capital LLC increased its position in shares of Palantir Technologies by 1.2% during the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after acquiring an additional 142 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s 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 owns 195,393 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the sale, the insider now owns 403,171 shares of the company’s stock, valued at $33,382,558.80. This trade represents a 19.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

PLTR opened at $74.01 on Monday. The stock’s 50 day moving average price is $92.67 and its 200 day moving average price is $71.18. The stock has a market cap of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Citigroup increased their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Robert W. Baird upped their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.19.

Palantir Technologies Company 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.