Schaper Benz & Wise Investment Counsel Inc. WI Has $9.47 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Schaper Benz & Wise Investment Counsel Inc. WI boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,270 shares of the company’s stock after buying an additional 9,845 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Palantir Technologies were worth $9,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Graypoint LLC acquired a new position in Palantir Technologies during the 3rd quarter worth about $268,000. Principal Financial Group Inc. lifted its stake in shares of Palantir Technologies by 226.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company’s stock valued at $105,636,000 after purchasing an additional 1,969,213 shares during the period. Portside Wealth Group LLC lifted its stake in shares of Palantir Technologies by 16.5% in the 3rd quarter. Portside Wealth Group LLC now owns 10,225 shares of the company’s stock valued at $380,000 after purchasing an additional 1,447 shares during the period. Stiles Financial Services Inc acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at about $207,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at about $88,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,435,838 shares of company stock valued at $107,260,889 over the last three months. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 5.7 %

PLTR stock opened at $85.07 on Friday. The firm has a market cap of $199.51 billion, a PE ratio of 447.74, a P/E/G ratio of 10.84 and a beta of 2.81. The business has a 50 day moving average of $87.43 and a 200-day moving average of $63.49. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PLTR shares. DA Davidson boosted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird boosted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. William Blair raised Palantir Technologies from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Royal Bank of Canada boosted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Finally, Mizuho boosted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.79.

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.