Telos Capital Management Inc. Buys Shares of 4,000 Palantir Technologies Inc. (NASDAQ:PLTR)

Telos Capital Management Inc. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Palantir Technologies by 83.9% in the 3rd quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock valued at $213,000 after purchasing an additional 2,607 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Palantir Technologies during the third quarter worth $285,000. Daymark Wealth Partners LLC bought a new position in shares of Palantir Technologies in the 3rd quarter valued at $261,000. CWM LLC boosted its holdings in shares of Palantir Technologies by 17.2% during the 3rd quarter. CWM LLC now owns 112,897 shares of the company’s stock valued at $4,200,000 after acquiring an additional 16,552 shares in the last quarter. Finally, Perpetual Ltd acquired a new stake in shares of Palantir Technologies during the 3rd quarter valued at $483,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $110.85 on Friday. The stock has a market capitalization of $252.52 billion, a price-to-earnings ratio of 554.28, a PEG ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $116.30. The stock’s 50 day moving average price is $76.46 and its two-hundred day moving average price is $52.67.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at $42,002.40. The trade was a 99.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction 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 completion of the transaction, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,656,687 shares of company stock worth $1,040,105,687 in the last quarter. Company insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PLTR. DA Davidson increased their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday. Mizuho raised their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday. Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.