Hendershot Investments Inc. Invests $529,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Hendershot Investments Inc. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,000 shares of the company’s stock, valued at approximately $529,000.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC raised its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the period. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter valued at $28,000. Wolff Wiese Magana LLC boosted its position in Palantir Technologies by 230.4% during the 4th 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. Finally, R Squared Ltd purchased a new position in Palantir Technologies during the 4th quarter valued at about $33,000. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

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

Palantir Technologies Price Performance

Shares of PLTR opened at $110.85 on Friday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $116.30. The company’s fifty day moving average price is $77.34 and its 200 day moving average price is $53.24. The company has a market capitalization of $252.52 billion, a PE ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PLTR. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America upped their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.