Sepio Capital LP Purchases 7,230 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Sepio Capital LP boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 127.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,922 shares of the company’s stock after buying an additional 7,230 shares during the quarter. Sepio Capital LP’s holdings in Palantir Technologies were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Prestige Wealth Management Group LLC increased its stake in shares of 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. Roxbury Financial LLC bought a new stake in Palantir Technologies in the fourth quarter valued at $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the 4th quarter valued at $28,000. Wolff Wiese Magana LLC raised its holdings in Palantir Technologies by 230.4% in the 4th 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, HighMark Wealth Management LLC lifted its position in shares of Palantir Technologies by 73.5% in the 4th 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. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $74.01 on Monday. The stock has a market capitalization of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The business has a fifty day moving average price of $92.67 and a 200-day moving average price of $71.18.

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Loop Capital reissued a “buy” rating on shares of Palantir Technologies in a research report on Friday. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $75.19.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was 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 directly owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is owned by insiders.

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.