Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 583.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,261 shares of the company’s stock after purchasing an additional 6,198 shares during the period. Creekmur Asset Management LLC’s holdings in Palantir Technologies were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Huntington National Bank grew its holdings in shares of Palantir Technologies by 62.4% during the fourth quarter. Huntington National Bank now owns 14,242 shares of the company’s stock worth $1,077,000 after buying an additional 5,472 shares during the last quarter. Kesler Norman & Wride LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth $1,035,000. Columbia Asset Management purchased a new position in Palantir Technologies in the fourth quarter valued at about $216,000. Meeder Advisory Services Inc. raised its holdings in Palantir Technologies by 94.0% during the fourth quarter. Meeder Advisory Services Inc. now owns 72,033 shares of the company’s stock worth $5,448,000 after purchasing an additional 34,909 shares during the last quarter. Finally, Groupama Asset Managment acquired a new stake in Palantir Technologies in the 4th quarter valued at about $2,147,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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 stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 483,987 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the transaction, the insider now owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,379,785 shares of company stock worth $281,528,938. Company insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PLTR. Northland Securities lifted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. DA Davidson upped their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Loop Capital decreased their price objective on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $75.19.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $84.68 on Wednesday. The company has a market cap of $198.60 billion, a price-to-earnings ratio of 445.71, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a 50-day moving average of $92.47 and a 200-day moving average of $70.22.

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.