BostonPremier Wealth LLC Acquires New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

BostonPremier Wealth LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,174 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Focus Financial Network Inc. lifted its stake in shares of Palantir Technologies by 22.1% in the 4th quarter. Focus Financial Network Inc. now owns 8,793 shares of the company’s stock worth $665,000 after acquiring an additional 1,590 shares during the period. Sapient Capital LLC lifted its stake in shares of Palantir Technologies by 13.0% in the 4th quarter. Sapient Capital LLC now owns 6,263 shares of the company’s stock worth $474,000 after acquiring an additional 720 shares during the period. Equitable Trust Co. acquired a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $244,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $285,000. Finally, Soltis Investment Advisors LLC lifted its stake in shares of Palantir Technologies by 23.0% in the 4th quarter. Soltis Investment Advisors LLC now owns 9,756 shares of the company’s stock worth $738,000 after acquiring an additional 1,823 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $116.65 on Tuesday. The firm has a market cap of $265.73 billion, a PE ratio of 613.98, a PEG ratio of 11.44 and a beta of 2.81. The firm’s 50 day moving average price is $77.34 and its 200 day moving average price is $53.60. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $116.76.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now directly owns 88,129 shares in the company, valued at $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, 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. Insiders sold 15,656,687 shares of company stock worth $1,040,105,687 over the last ninety days. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Northland Securities upped their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Citigroup increased their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Mizuho increased their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $69.44.

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.