Jaffetilchin Investment Partners LLC Has $2.65 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Jaffetilchin Investment Partners LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,980 shares of the company’s stock after purchasing an additional 2,144 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Palantir Technologies were worth $2,646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Argent Trust Co bought a new position in shares of Palantir Technologies during the 4th quarter worth approximately $354,000. First Foundation Advisors bought a new position in Palantir Technologies in the fourth quarter valued at $711,000. Accredited Investors Inc. acquired a new stake in Palantir Technologies in the 4th quarter valued at $221,000. Treasurer of the State of North Carolina lifted its position in Palantir Technologies by 4.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 932,029 shares of the company’s stock worth $70,489,000 after buying an additional 42,687 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its holdings in shares of Palantir Technologies by 8.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 18,191 shares of the company’s stock valued at $1,376,000 after acquiring an additional 1,477 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $88.59 on Friday. The firm has a 50-day moving average of $93.12 and a 200-day moving average of $72.66. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The stock has a market cap of $207.78 billion, a PE ratio of 466.29, a PEG ratio of 10.84 and a beta of 2.74.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. 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. Finally, Jefferies Financial Group increased their price target on shares of Palantir Technologies from $28.00 to $60.00 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, fifteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.19.

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.