Bison Wealth LLC Buys 4,667 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Bison Wealth LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,130 shares of the company's stock after acquiring an additional 4,667 shares during the period. Bison Wealth LLC's holdings in Palantir Technologies were worth $1,296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in Palantir Technologies during the fourth quarter worth about $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its position in shares of 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 in the last quarter. HighMark Wealth Management LLC raised its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies during the fourth quarter worth $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now directly 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 SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research analyst reports. Northland Securities raised their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Bank of America upped their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective on the stock. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $40.00 target price on shares of Palantir Technologies in a report on Tuesday, April 29th. Finally, William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average target price of $74.71.

Palantir Technologies Stock Up 7.0 %

NASDAQ:PLTR traded up $8.08 during trading hours on Friday, reaching $124.28. The company had a trading volume of 102,421,600 shares, compared to its average volume of 75,450,475. The business's 50-day simple moving average is $91.17 and its two-hundred day simple moving average is $79.72. Palantir Technologies Inc. has a twelve month low of $20.50 and a twelve month high of $125.41. The firm has a market cap of $291.48 billion, a price-to-earnings ratio of 654.14, a P/E/G ratio of 10.84 and a beta of 2.68.

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.