Lido Advisors LLC Purchases 335,845 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Lido Advisors LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 1,172.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,491 shares of the company’s stock after purchasing an additional 335,845 shares during the quarter. Lido Advisors LLC’s holdings in Palantir Technologies were worth $27,566,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PLTR. World Investment Advisors LLC bought a new stake in Palantir Technologies in the 3rd quarter valued at $347,000. Wilmington Savings Fund Society FSB boosted its stake in Palantir Technologies by 48.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company’s stock valued at $652,000 after purchasing an additional 5,747 shares during the period. Synovus Financial Corp lifted its position in shares of Palantir Technologies by 85.9% during the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company’s stock valued at $666,000 after acquiring an additional 8,270 shares during the period. Tri Ri Asset Management Corp bought a new stake in shares of Palantir Technologies during the 3rd quarter valued at $23,403,000. Finally, Franklin Resources Inc. lifted its position in shares of Palantir Technologies by 102.3% during the 3rd quarter. Franklin Resources Inc. now owns 171,653 shares of the company’s stock valued at $6,385,000 after acquiring an additional 86,793 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Cantor Fitzgerald upped their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.71.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 6,776 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now directly owns 184,617 shares in the company, valued at approximately $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 a total of 2,989,975 shares of company stock worth $253,328,090 in the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $112.78 on Monday. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41. The firm has a market cap of $264.51 billion, a price-to-earnings ratio of 593.61, a PEG ratio of 10.84 and a beta of 2.74. The company has a fifty day moving average price of $89.34 and a 200-day moving average price of $77.35.

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.