Sigma Planning Corp Buys 18,286 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Sigma Planning Corp boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,659 shares of the company’s stock after buying an additional 18,286 shares during the quarter. Sigma Planning Corp’s holdings in Palantir Technologies were worth $6,478,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. boosted 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 purchasing an additional 448 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after purchasing an additional 4,667,955 shares during the period. Diversify Wealth Management LLC bought a new position in Palantir Technologies during the fourth quarter worth about $876,000. Destiny Wealth Partners LLC bought a new position in Palantir Technologies during the fourth quarter worth about $3,233,000. Finally, State of Alaska Department of Revenue boosted its position in Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after purchasing an additional 68,945 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 4.6 %

Shares of NASDAQ PLTR opened at $101.33 on Friday. The company has a market cap of $230.84 billion, a price-to-earnings ratio of 533.36, a PEG ratio of 10.84 and a beta of 2.81. The firm’s fifty day moving average is $85.87 and its 200 day moving average is $59.37. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. DA Davidson increased their price objective on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Wedbush boosted their target price on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Mizuho upped their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $73.21.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the sale, the director now owns 111,644 shares of the company’s stock, valued at $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $50,128,019.74. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,680,992 shares of company stock valued at $473,395,877. Insiders own 12.93% of the company’s stock.

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.