10,700 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Corps Capital Advisors LLC

Corps Capital Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,700 shares of the company’s stock, valued at approximately $809,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in Palantir Technologies during the fourth quarter worth $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC grew its stake in shares of 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 acquiring an additional 265 shares in the last quarter. HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on PLTR. Mizuho upped 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. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Wedbush raised their target price on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Citigroup boosted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Six 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $69.44.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $112.06 on Thursday. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The business’s fifty day moving average is $84.70 and its 200 day moving average is $58.51. The firm has a market cap of $255.27 billion, a price-to-earnings ratio of 589.82, a PEG ratio of 12.25 and a beta of 2.81.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 1,620,395 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $406,583,028.18. This trade represents a 20.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,301,387 shares of company stock worth $575,821,045 over the last ninety days. Company insiders own 12.93% of the company’s stock.

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.