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

Naples Global Advisors LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,550 shares of the company’s stock after acquiring an additional 550 shares during the quarter. Naples Global Advisors LLC’s holdings in Palantir Technologies were worth $949,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC increased its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. First PREMIER Bank acquired a new position in Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $117.91 on Friday. The firm has a market cap of $268.60 billion, a PE ratio of 620.61, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $118.66. The business’s 50 day moving average price is $80.12 and its two-hundred day moving average price is $55.28.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the sale, the director now directly owns 111,644 shares of the company’s stock, valued at $7,454,469.88. This represents a 8.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 1,007,496 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $63.96, for a total value of $64,439,444.16. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $411,407,221.68. This represents a 13.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,346,976 shares of company stock worth $642,660,729. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PLTR. Wedbush boosted their target price on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, Northland Securities increased their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $69.44.

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.