Ascent Wealth Partners LLC Invests $257,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Ascent Wealth Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,392 shares of the company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Allspring Global Investments Holdings LLC increased its stake in shares of Palantir Technologies by 227.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock valued at $4,546,000 after buying an additional 84,856 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Palantir Technologies by 80.2% in the third quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock valued at $1,377,000 after purchasing an additional 16,469 shares in the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of Palantir Technologies by 73.1% in the third quarter. Silver Oak Securities Incorporated now owns 17,389 shares of the company’s stock valued at $641,000 after purchasing an additional 7,343 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of Palantir Technologies by 38.5% in the third quarter. Ballentine Partners LLC now owns 17,095 shares of the company’s stock valued at $636,000 after purchasing an additional 4,756 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its position in shares of Palantir Technologies by 5.7% during the third quarter. Lake Street Advisors Group LLC now owns 25,931 shares of the company’s stock valued at $965,000 after acquiring an additional 1,390 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction dated 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 owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,680,992 shares of company stock valued at $473,395,877. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $101.33 on Friday. The business has a 50 day simple moving average of $85.87 and a two-hundred day simple moving average of $59.60. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The firm has a market capitalization of $230.84 billion, a PE ratio of 533.36, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent research reports. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Northland Securities upped their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $73.21.

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.