Weatherly Asset Management L. P. Invests $255,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Weatherly Asset Management L. P. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,372 shares of the company’s stock, valued at approximately $255,000.

Other large investors have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in Palantir Technologies in the third quarter worth $25,000. Prestige Wealth Management Group LLC raised its position in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. First PREMIER Bank purchased a new position in Palantir Technologies in the fourth quarter worth $28,000. Wolff Wiese Magana LLC raised its position 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 acquiring an additional 265 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Palantir Technologies in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 5.2 %

Shares of NASDAQ:PLTR opened at $116.65 on Tuesday. The stock’s 50-day moving average price is $77.34 and its two-hundred day moving average price is $53.60. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $116.76. The firm has a market cap of $265.73 billion, a price-to-earnings ratio of 613.98, a PEG ratio of 11.44 and a beta of 2.81.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now directly owns 88,129 shares in the company, valued at $9,059,661.20. The trade was a 11.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $63.10, for a total value of $283,950,000.00. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. This represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. UBS Group raised their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Citigroup raised their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Wedbush raised their price target on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.44.

Palantir Technologies 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.