Blue Rock Wealth Management LLC Invests $1.68 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Blue Rock Wealth Management LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,150 shares of the company's stock, valued at approximately $1,675,000. Palantir Technologies accounts for about 1.8% of Blue Rock Wealth Management LLC's holdings, making the stock its 16th biggest position.

Several other large investors have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at $31,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $8.08 during mid-day trading on Friday, reaching $124.28. The stock had a trading volume of 102,421,600 shares, compared to its average volume of 75,372,579. The stock has a market cap of $291.48 billion, a P/E ratio of 654.14, a PEG ratio of 10.84 and a beta of 2.74. The business's 50 day moving average is $91.17 and its 200 day moving average is $79.46. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $125.41.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLTR. DA Davidson reduced their price objective on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Wedbush reissued an "outperform" rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Finally, Royal Bank of Canada restated an "underperform" rating and issued a $40.00 price target on shares of Palantir Technologies in a research report on Tuesday. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.71.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at $48,988. This represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock valued at $253,328,090 over the last ninety days. Corporate insiders own 12.93% of the company's stock.

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.