Williamson Legacy Group LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Williamson Legacy Group LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,848 shares of the company’s stock, valued at approximately $1,350,000. Palantir Technologies accounts for about 0.9% of Williamson Legacy Group LLC’s investment portfolio, making the stock its 22nd biggest holding.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its position in Palantir Technologies by 80.2% during the third quarter. Assenagon Asset Management S.A. now owns 37,012 shares of the company’s stock worth $1,377,000 after acquiring an additional 16,469 shares during the period. Pallas Capital Advisors LLC bought a new position in Palantir Technologies during the third quarter worth $199,000. abrdn plc increased its position in Palantir Technologies by 124.0% during the third quarter. abrdn plc now owns 611,142 shares of the company’s stock worth $22,646,000 after acquiring an additional 338,260 shares during the period. Strategic Blueprint LLC bought a new position in Palantir Technologies during the third quarter worth $322,000. Finally, Valmark Advisers Inc. bought a new position in Palantir Technologies during the third quarter worth $249,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research reports. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Wedbush lifted their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.21.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 5,250,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the transaction, the insider now owns 752,786 shares in the company, valued at $52,755,242.88. This represents a 87.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the sale, the director now directly owns 100,923 shares of the company’s stock, valued at $7,748,867.94. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,689,783 shares of company stock worth $475,417,043 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 0.1 %

Shares of NASDAQ PLTR opened at $84.86 on Friday. The firm’s 50-day simple moving average is $87.09 and its 200 day simple moving average is $61.43. The company has a market cap of $193.31 billion, a price-to-earnings ratio of 446.64, a price-to-earnings-growth ratio of 10.84 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.

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.