Aptus Capital Advisors LLC Has $3.61 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Aptus Capital Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 256.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,736 shares of the company's stock after buying an additional 34,344 shares during the quarter. Aptus Capital Advisors LLC's holdings in Palantir Technologies were worth $3,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PLTR. Roxbury Financial LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC grew its holdings in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the period. HighMark Wealth Management LLC grew its stake in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 0.4 %

PLTR stock traded down $0.51 during trading hours on Monday, hitting $123.77. 131,708,548 shares of the stock were exchanged, compared to its average volume of 75,692,512. The company has a 50-day simple moving average of $91.86 and a two-hundred day simple moving average of $80.55. The firm has a market capitalization of $290.28 billion, a P/E ratio of 651.46, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $129.86.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup raised their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Bank of America upped their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Morgan Stanley cut their price target on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank of Canada reiterated an "underperform" rating and set a $40.00 price objective on shares of Palantir Technologies in a report on Tuesday, April 29th. Five investment 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $74.71.

Insider Buying and Selling at Palantir Technologies

In other 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 shares were 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 approximately $48,988. This represents a 99.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock valued at $253,328,090 in the last quarter. Company insiders own 12.93% of the company's stock.

About Palantir Technologies

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.