Legacy Capital Group California Inc. Takes $803,000 Position in Palantir Technologies Inc. (NYSE:PLTR)

Legacy Capital Group California Inc. bought a new position in Palantir Technologies Inc. (NYSE:PLTR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 46,762 shares of the company's stock, valued at approximately $803,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fiduciary Alliance LLC increased its stake in shares of Palantir Technologies by 1.0% in the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company's stock worth $1,044,000 after purchasing an additional 618 shares in the last quarter. Golden State Equity Partners grew its position in shares of Palantir Technologies by 4.6% during the fourth quarter. Golden State Equity Partners now owns 14,435 shares of the company's stock worth $248,000 after purchasing an additional 640 shares in the last quarter. Capital Investment Counsel Inc raised its stake in Palantir Technologies by 0.5% during the 4th quarter. Capital Investment Counsel Inc now owns 120,727 shares of the company's stock valued at $2,073,000 after purchasing an additional 650 shares during the period. LCM Capital Management Inc lifted its holdings in Palantir Technologies by 1.9% in the 4th quarter. LCM Capital Management Inc now owns 34,080 shares of the company's stock worth $585,000 after purchasing an additional 650 shares in the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake in Palantir Technologies by 2.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company's stock worth $539,000 after purchasing an additional 675 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Palantir Technologies stock traded down $0.01 during mid-day trading on Thursday, reaching $21.67. 27,343,901 shares of the company were exchanged, compared to its average volume of 62,554,938. Palantir Technologies Inc. has a 12-month low of $9.46 and a 12-month high of $27.50. The business has a fifty day moving average of $22.91 and a 200 day moving average of $20.55. The firm has a market cap of $47.94 billion, a P/E ratio of 181.42, a PEG ratio of 4.78 and a beta of 2.76.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $24.91, for a total value of $124,550.00. Following the transaction, the director now owns 191,783 shares of the company's stock, valued at approximately $4,777,314.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the sale, the director now directly owns 70,806,432 shares in the company, valued at $1,755,291,449.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 5,000 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.91, for a total value of $124,550.00. Following the sale, the director now owns 191,783 shares in the company, valued at approximately $4,777,314.53. The disclosure for this sale can be found here. Insiders sold 18,457,938 shares of company stock worth $415,665,719 in the last three months. 13.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on PLTR. Royal Bank of Canada boosted their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the stock an "underperform" rating in a report on Tuesday, May 7th. DA Davidson boosted their target price on Palantir Technologies from $19.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 7th. Mizuho raised their price target on Palantir Technologies from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, March 7th. HSBC upped their price objective on Palantir Technologies from $22.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, May 7th. Finally, Bank of America raised their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $20.65.

Palantir Technologies 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.

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