Broadleaf Partners LLC Invests $4.23 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Broadleaf Partners LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 55,964 shares of the company’s stock, valued at approximately $4,233,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% during the 4th 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% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $93.78 on Friday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The firm has a market capitalization of $219.95 billion, a PE ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. The company’s 50 day simple moving average is $91.56 and its 200-day simple moving average is $74.35.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares of the company’s stock, valued at $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,989,975 shares of company stock valued at $253,328,090. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLTR shares. Wedbush reissued an “outperform” rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Morgan Stanley lowered their target price on Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Robert W. Baird upped 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. Daiwa America raised Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Finally, Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.71.

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.