3,729 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Berger Financial Group Inc

Berger Financial Group Inc bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 3,729 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds have also recently modified their holdings of PLTR. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC lifted its stake in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC boosted its holdings in Palantir Technologies by 73.5% in 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 last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $114.65 on Tuesday. The business’s 50-day moving average is $89.39 and its two-hundred day moving average is $77.85. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41. The firm has a market capitalization of $268.90 billion, a PE ratio of 603.45, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Loop Capital restated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. UBS Group boosted their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, DA Davidson cut their price objective on shares of Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.71.

Insider Buying and Selling at Palantir Technologies

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

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.