Mach 1 Financial Group LLC Purchases New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Mach 1 Financial Group LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,846 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PLTR. Mather Group LLC. grew its position 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 buying an additional 448 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth $876,000. Destiny Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth $3,233,000. Kieckhefer Group LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $11,769,000. Finally, Grange Capital LLC bought a new stake in Palantir Technologies during the fourth quarter worth about $5,829,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price on the stock. Mizuho lifted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Bank of America upped their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada boosted their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $74.71.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $93.78 on Friday. Palantir Technologies Inc. has a fifty-two week low of $20.36 and a fifty-two week high of $125.41. The firm’s 50-day simple moving average is $91.18 and its 200 day simple moving average is $75.01. The stock has a market cap of $219.95 billion, a PE ratio of 493.60, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

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.