Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,941 shares of the company’s stock after acquiring an additional 8,884 shares during the period. Belpointe Asset Management LLC’s holdings in Palantir Technologies were worth $5,970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mather Group LLC. raised its holdings in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 448 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $876,000. Destiny Wealth Partners LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $3,233,000. Kieckhefer Group LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at $11,769,000. Finally, Grange Capital LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $5,829,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PLTR. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price target on the stock. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Finally, DA Davidson upped their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five 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, the stock currently has a consensus rating of “Hold” and an average price target of $75.19.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 98,177 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. The trade was a 19.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Down 0.0 %

NASDAQ PLTR opened at $88.55 on Monday. The stock has a market capitalization of $207.68 billion, a price-to-earnings ratio of 466.08, a PEG ratio of 10.84 and a beta of 2.74. The business’s 50 day moving average is $92.81 and its two-hundred day moving average is $73.27. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

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.