761 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Coastline Trust Co

Coastline Trust Co purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 761 shares of the company’s stock, valued at approximately $58,000.

A number of other institutional investors also recently bought and sold shares of the business. Roxbury Financial LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $27,000. First PREMIER Bank purchased a new position in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC raised its position in shares of 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 acquiring an additional 265 shares during the period. HighMark Wealth Management LLC grew its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the period. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. This trade represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock worth $253,328,090 in the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $93.78 on Friday. The company has a market capitalization of $219.95 billion, a PE ratio of 493.60, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The firm’s 50-day moving average is $91.18 and its two-hundred day moving average is $75.01. Palantir Technologies Inc. has a 12 month low of $20.36 and a 12 month high of $125.41.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada upped their price objective 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. William Blair set a $84.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 5th. Loop Capital restated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Finally, Mizuho lifted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $74.71.

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.