Addison Capital Co Buys New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Addison Capital Co purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,660 shares of the company’s stock, valued at approximately $352,000.

Other hedge funds have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $92,000. SlateStone Wealth LLC grew its position in Palantir Technologies by 0.7% during the fourth quarter. SlateStone Wealth LLC now owns 108,654 shares of the company’s stock valued at $8,218,000 after acquiring an additional 792 shares during the last quarter. GWN Securities Inc. purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $312,000. Glenview Trust co bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $358,000. Finally, Facet Wealth Inc. purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at $291,000. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, 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 value of $1,610,800.36. Following the sale, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,069,785 shares of company stock valued at $254,537,238. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR opened at $86.24 on Monday. The company has a 50-day simple moving average of $87.83 and a two-hundred day simple moving average of $65.46. The firm has a market capitalization of $202.26 billion, a PE ratio of 453.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41.

Analyst Ratings Changes

PLTR has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Mizuho raised 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. UBS Group boosted their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird raised their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Loop Capital decreased their price target on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.45.

About Palantir Technologies

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.