Certuity LLC Raises Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Certuity LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 27.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,213 shares of the company’s stock after buying an additional 3,460 shares during the period. Certuity LLC’s holdings in Palantir Technologies were worth $1,226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Sound Income Strategies LLC increased its stake in shares of Palantir Technologies by 21.4% during the 3rd quarter. Sound Income Strategies LLC now owns 3,481 shares of the company’s stock worth $130,000 after purchasing an additional 613 shares in the last quarter. Thomasville National Bank acquired a new position in shares of Palantir Technologies during the 3rd quarter valued at $215,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Palantir Technologies by 46.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock valued at $82,000 after acquiring an additional 700 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter valued at $65,000. Finally, Sapient Capital LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth $206,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PLTR shares. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Mizuho lifted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. DA Davidson boosted their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, UBS Group boosted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.44.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $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 9,746 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.77, for a total transaction of $650,740.42. Following the completion of the transaction, the director now owns 111,644 shares in the company, valued at $7,454,469.88. The trade was a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,833,085 shares of company stock worth $924,999,929 in the last 90 days. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Down 3.5 %

PLTR stock opened at $112.62 on Wednesday. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $118.66. The company has a market cap of $256.55 billion, a price-to-earnings ratio of 592.77, a PEG ratio of 11.44 and a beta of 2.81. The company has a 50 day moving average of $78.34 and a two-hundred day moving average of $54.24.

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.