Beck Capital Management LLC Purchases New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Beck Capital Management LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,630 shares of the company’s stock, valued at approximately $577,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in Palantir Technologies during the 4th quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the fourth quarter worth $28,000. Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC lifted its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price target on the stock. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Royal Bank of Canada lifted their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Citigroup increased their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, Loop Capital reaffirmed a “buy” rating on shares of Palantir Technologies in a report on Friday, April 4th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.71.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock worth $253,328,090 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 3.5 %

Shares of Palantir Technologies stock opened at $93.99 on Wednesday. The business has a 50-day moving average price of $90.17 and a two-hundred day moving average price of $75.74. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41. The company has a market cap of $220.44 billion, a P/E ratio of 494.71, a PEG ratio of 10.84 and a beta of 2.74.

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.