Crestwood Advisors Group LLC Purchases 6,178 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Crestwood Advisors Group LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 113.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,642 shares of the company’s stock after acquiring an additional 6,178 shares during the period. Crestwood Advisors Group LLC’s holdings in Palantir Technologies were worth $880,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Palantir Technologies by 227.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 122,200 shares of the company’s stock worth $4,546,000 after purchasing an additional 84,856 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Palantir Technologies by 80.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after purchasing an additional 16,469 shares during the last quarter. Allworth Financial LP raised its position in Palantir Technologies by 8.3% in the 3rd quarter. Allworth Financial LP now owns 24,590 shares of the company’s stock worth $915,000 after purchasing an additional 1,891 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Palantir Technologies by 2,252.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,645 shares of the company’s stock worth $6,323,000 after purchasing an additional 164,349 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Palantir Technologies by 17.3% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 12,829 shares of the company’s stock worth $477,000 after purchasing an additional 1,892 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the transaction, the insider now directly owns 702,786 shares in the company, valued at $64,958,509.98. This represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 6,719,783 shares of company stock worth $477,414,743. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 3.1 %

PLTR stock opened at $87.84 on Wednesday. The stock has a 50-day moving average price of $86.44 and a two-hundred day moving average price of $60.68. The stock has a market cap of $200.10 billion, a PE ratio of 462.34, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PLTR shares. Mizuho boosted 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. Royal Bank of Canada lifted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. DA Davidson lifted their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.21.

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.