C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $637,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,427 shares of the company’s stock after buying an additional 766 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Palantir Technologies were worth $637,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Palantir Technologies by 227.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock worth $4,546,000 after buying an additional 84,856 shares during the period. Northwest Investment Counselors LLC bought a new position in Palantir Technologies in the third quarter valued at approximately $25,000. Whittier Trust Co. grew its holdings in Palantir Technologies by 1.1% during the 3rd quarter. Whittier Trust Co. now owns 57,526 shares of the company’s stock worth $2,140,000 after acquiring an additional 600 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Palantir Technologies during the 3rd quarter valued at $62,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Palantir Technologies by 211.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,971 shares of the company’s stock valued at $73,000 after purchasing an additional 1,339 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on PLTR. Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Northland Securities boosted their price objective 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. The Goldman Sachs Group increased their target price 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. Finally, Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.44.

Palantir Technologies Stock Down 10.1 %

NASDAQ PLTR opened at $112.06 on Thursday. The firm’s 50 day moving average is $84.70 and its 200-day moving average is $58.51. The company has a market capitalization of $255.27 billion, a PE ratio of 589.82, a price-to-earnings-growth ratio of 12.25 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now directly 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 SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 1,620,395 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at $406,583,028.18. The trade was a 20.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,301,387 shares of company stock valued at $575,821,045. Corporate insiders own 12.93% of the company’s stock.

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.