Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 56.2% in the fourth quarter, HoldingsChannel reports. The fund owned 36,164 shares of the company’s stock after buying an additional 13,013 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Palantir Technologies were worth $2,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Callan Family Office LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at about $1,377,000. Chatham Capital Group Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $238,000. E Fund Management Co. Ltd. increased its position in Palantir Technologies by 134.4% during the 4th quarter. E Fund Management Co. Ltd. now owns 68,133 shares of the company’s stock worth $5,153,000 after purchasing an additional 39,070 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $333,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $210,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,435,838 shares of company stock worth $107,260,889 over the last ninety days. 12.93% of the stock is owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $85.07 on Friday. The business’s fifty day moving average price is $87.31 and its 200 day moving average price is $62.91. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The stock has a market capitalization of $199.51 billion, a PE ratio of 447.74, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Analysts Set New Price Targets

A number of analysts recently issued reports on PLTR shares. Loop Capital started coverage on shares of Palantir Technologies in a research report on Thursday, February 20th. They set a “buy” rating and a $141.00 target price for the company. Wedbush reissued an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. William Blair raised shares of Palantir Technologies from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Mizuho increased their target price 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. Finally, Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $74.79.

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.