Brooklyn FI LLC Acquires 466,646 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Brooklyn FI LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 5,296.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 475,456 shares of the company’s stock after acquiring an additional 466,646 shares during the quarter. Brooklyn FI LLC’s holdings in Palantir Technologies were worth $35,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PLTR. Prestige Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the period. Roxbury Financial LLC bought a new stake in Palantir Technologies in the fourth quarter worth about $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC boosted 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 acquiring an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC grew its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. DA Davidson boosted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $74.45.

Palantir Technologies Trading Down 4.0 %

Shares of NASDAQ PLTR opened at $83.89 on Wednesday. The business has a 50-day moving average of $88.34 and a 200-day moving average of $66.23. The firm has a market capitalization of $196.75 billion, a price-to-earnings ratio of 441.55, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41.

Insiders Place Their Bets

In related news, insider Heather A. Planishek sold 13,891 shares of the firm’s 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 transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $85.30, for a total value of $106,625,000.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $50,497.60. This represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,069,785 shares of company stock valued at $254,537,238 in the last quarter. Corporate 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.