LGT Group Foundation Buys 3,249 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

LGT Group Foundation grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.9% during the fourth quarter, HoldingsChannel reports. The firm owned 26,643 shares of the company’s stock after purchasing an additional 3,249 shares during the quarter. LGT Group Foundation’s holdings in Palantir Technologies were worth $2,015,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PLTR. Prestige Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the period. Finally, HighMark Wealth Management LLC lifted 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 valued at $30,000 after acquiring an additional 166 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.8 %

PLTR opened at $83.42 on Tuesday. The firm has a 50 day moving average price of $87.14 and a 200-day moving average price of $62.23. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The stock has a market capitalization of $190.03 billion, a price-to-earnings ratio of 439.08, a PEG ratio of 10.84 and a beta of 2.81.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLTR shares. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price target 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. Finally, Mizuho lifted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.79.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,439,783 shares of company stock valued at $107,497,043 over the last three months. Insiders own 12.93% of the company’s stock.

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.