Avantax Advisory Services Inc. Has $22.28 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Avantax Advisory Services Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 294,561 shares of the company’s stock after buying an additional 58,841 shares during the period. Avantax Advisory Services Inc.’s holdings in Palantir Technologies were worth $22,278,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC raised its position in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PLTR. Robert W. Baird raised their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald raised their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Finally, UBS Group lifted their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.25.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 985,838 shares of company stock valued at $75,333,389 in the last three months. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $78.05 on Wednesday. The stock has a market capitalization of $183.06 billion, a PE ratio of 410.81, a P/E/G ratio of 10.84 and a beta of 2.81. The business has a fifty day moving average price of $87.46 and a two-hundred day moving average price of $64.35. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

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.