Rehmann Capital Advisory Group Has $885,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Rehmann Capital Advisory Group grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,698 shares of the company’s stock after acquiring an additional 1,466 shares during the period. Rehmann Capital Advisory Group’s holdings in Palantir Technologies were worth $885,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its holdings in shares of 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 purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC increased its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock valued at $253,328,090 over the last ninety days. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of several research reports. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities increased their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. Morgan Stanley dropped their target price on Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $40.00 price target on shares of Palantir Technologies in a research report on Tuesday. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.71.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $118.44 on Thursday. The business has a fifty day simple moving average of $89.93 and a two-hundred day simple moving average of $78.39. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41. The company has a market capitalization of $277.78 billion, a price-to-earnings ratio of 623.40, a P/E/G 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.