Clarkston Capital Partners LLC Purchases Shares of 4,810 Palantir Technologies Inc. (NASDAQ:PLTR)

Clarkston Capital Partners LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,810 shares of the company’s stock, valued at approximately $364,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC boosted its position in 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 acquiring an additional 650 shares during the period. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC lifted its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the period. Finally, HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Down 11.5 %

Shares of Palantir Technologies stock opened at $74.01 on Friday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a market cap of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74. The stock has a 50-day moving average price of $92.67 and a 200 day moving average price of $70.93.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Mizuho raised their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.19.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the transaction, the insider now owns 702,786 shares in the company, valued at $64,958,509.98. This trade represents a 4.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,993,175 shares of company stock valued at $253,549,610 over the last three months. 12.93% of the stock is owned by corporate insiders.

About Palantir Technologies

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.