Vest Financial LLC Invests $913,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Vest Financial LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 12,070 shares of the company’s stock, valued at approximately $913,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Palantir Technologies by 17.2% in the 3rd quarter. CWM LLC now owns 112,897 shares of the company’s stock worth $4,200,000 after purchasing an additional 16,552 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Palantir Technologies by 298.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,519 shares of the company’s stock valued at $577,000 after buying an additional 11,629 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Palantir Technologies by 1.9% during the third quarter. Valeo Financial Advisors LLC now owns 36,853 shares of the company’s stock worth $1,371,000 after buying an additional 676 shares during the last quarter. Silverlake Wealth Management LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth about $205,000. Finally, CRA Financial Services LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $201,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $50,128,019.74. This represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 1,823,602 shares of Palantir Technologies stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $406,004,124.96. This trade represents a 22.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,656,687 shares of company stock valued at $1,040,105,687. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $110.85 on Monday. The company has a market cap of $252.52 billion, a price-to-earnings ratio of 583.45, a P/E/G ratio of 11.44 and a beta of 2.81. The firm has a 50-day moving average of $77.34 and a 200-day moving average of $53.42. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $116.30.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PLTR shares. Northland Securities lifted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. UBS Group lifted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. DA Davidson lifted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Cantor Fitzgerald increased their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $69.44.

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.