Sage Advisors LLC Buys Shares of 4,880 Palantir Technologies Inc. (NASDAQ:PLTR)

Sage Advisors LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,880 shares of the company’s stock, valued at approximately $369,000. Palantir Technologies comprises 0.3% of Sage Advisors LLC’s portfolio, making the stock its 22nd biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in PLTR. First PREMIER Bank bought a new stake in Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Palantir Technologies by 230.4% during the fourth 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. R Squared Ltd bought a new stake in shares of Palantir Technologies during the fourth quarter worth about $33,000. Elevation Wealth Partners LLC increased its stake in shares of Palantir Technologies by 64.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 511 shares of the company’s stock valued at $39,000 after buying an additional 200 shares during the period. Finally, Valley National Advisers Inc. raised its holdings in Palantir Technologies by 181.3% in the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 330 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,346,976 shares of company stock worth $642,660,729. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $119.16 on Friday. The company’s 50 day simple moving average is $81.90 and its two-hundred day simple moving average is $56.35. The stock has a market capitalization of $271.45 billion, a PE ratio of 627.19, a P/E/G ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $120.67.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Royal Bank of Canada increased their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Northland Securities raised their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.