Apollon Wealth Management LLC Grows Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Apollon Wealth Management LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 42.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,085 shares of the company’s stock after acquiring an additional 10,966 shares during the quarter. Apollon Wealth Management LLC’s holdings in Palantir Technologies were worth $2,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of PLTR. Almanack Investment Partners LLC. increased its stake in shares of Palantir Technologies by 18.7% during the 4th quarter. Almanack Investment Partners LLC. now owns 11,776 shares of the company’s stock valued at $891,000 after acquiring an additional 1,858 shares during the last quarter. Mezzasalma Advisors LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $320,000. Vest Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $913,000. Clientfirst Wealth Management LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $446,000. Finally, Quattro Financial Advisors LLC boosted its stake in shares of Palantir Technologies by 12.9% in the fourth quarter. Quattro Financial Advisors LLC now owns 28,220 shares of the company’s stock valued at $2,129,000 after purchasing an additional 3,220 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 0.4 %

Shares of NASDAQ PLTR opened at $110.85 on Monday. The company has a fifty day moving average price of $77.34 and a 200 day moving average price of $53.42. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $116.30. The firm has a market cap of $252.52 billion, a PE ratio of 583.45, a PEG ratio of 11.44 and a beta of 2.81.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLTR. Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Wedbush increased their price target on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $69.44.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at $405,875,479.80. The trade was a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,656,687 shares of company stock valued at $1,040,105,687 over the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies 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.