Vision Financial Markets LLC Makes New $73,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Vision Financial Markets LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 967 shares of the company’s stock, valued at approximately $73,000.

Several other large investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its position in shares of Palantir Technologies by 4,248.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,696 shares of the company’s stock worth $128,000 after purchasing an additional 1,657 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Palantir Technologies by 1.4% during the 4th quarter. Arizona State Retirement System now owns 588,806 shares of the company’s stock worth $44,531,000 after purchasing an additional 8,256 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Palantir Technologies by 49.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 16,726 shares of the company’s stock worth $1,265,000 after purchasing an additional 5,551 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $522,000. Finally, SPC Financial Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Northland Securities boosted their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a report on Monday. Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, Citigroup upped their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.79.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction that occurred 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 owns 592 shares in the company, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,439,783 shares of company stock worth $107,497,043 in the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 6.8 %

PLTR stock opened at $90.13 on Thursday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm has a market cap of $211.39 billion, a P/E ratio of 474.39, a P/E/G ratio of 10.84 and a beta of 2.81. The business’s 50 day moving average is $87.34 and its 200-day moving average is $62.79.

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.