Naples Global Advisors LLC Has $949,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Naples Global Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,550 shares of the company’s stock after purchasing an additional 550 shares during the quarter. Naples Global Advisors LLC’s holdings in Palantir Technologies were worth $949,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of Palantir Technologies in the third quarter valued at about $25,000. Prestige Wealth Management Group LLC increased its position in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares in the last quarter. First PREMIER Bank bought a new position in shares of Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC lifted 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 in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 0.4 %

PLTR stock opened at $117.91 on Friday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $118.66. The firm has a market cap of $268.60 billion, a PE ratio of 620.61, a P/E/G ratio of 11.44 and a beta of 2.81. The business’s 50-day moving average price is $80.12 and its two-hundred day moving average price is $55.28.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the sale, the insider now directly owns 592 shares in the company, valued at $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,346,976 shares of company stock valued at $642,660,729 over the last 90 days. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. DA Davidson boosted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock 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 report on Wednesday, February 5th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $69.44.

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.