Balentine LLC Purchases Shares of 10,430 Palantir Technologies Inc. (NYSE:PLTR)

Balentine LLC purchased a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,430 shares of the company’s stock, valued at approximately $179,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLTR. Truvestments Capital LLC grew its stake in shares of Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. First United Bank & Trust purchased a new position in shares of Palantir Technologies in the 4th quarter worth $26,000. Pacifica Partners Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter worth $27,000. GAMMA Investing LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth $33,000. Finally, Provence Wealth Management Group purchased a new position in shares of Palantir Technologies in the 3rd quarter worth $34,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Heather A. Planishek sold 32,828 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total transaction of $851,886.60. Following the transaction, the insider now owns 662,006 shares in the company, valued at approximately $17,179,055.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the sale, the director now directly owns 191,783 shares of the company’s stock, valued at $4,777,314.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather A. Planishek sold 32,828 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $25.95, for a total transaction of $851,886.60. Following the sale, the insider now directly owns 662,006 shares in the company, valued at $17,179,055.70. The disclosure for this sale can be found here. Insiders sold a total of 18,412,722 shares of company stock worth $414,573,750 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, May 7th. Mizuho lifted their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Bank of America lifted their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. HSBC boosted their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, May 7th. Finally, Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $13.00 to $22.00 in a research report on Tuesday, February 6th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.65.

Palantir Technologies Stock Down 2.1 %

NYSE PLTR opened at $20.73 on Friday. The firm has a market cap of $46.15 billion, a PE ratio of 172.72, a price-to-earnings-growth ratio of 4.89 and a beta of 2.76. The company has a 50 day moving average price of $22.44 and a 200 day moving average price of $20.73. Palantir Technologies Inc. has a 52 week low of $11.82 and a 52 week high of $27.50.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.