Farmers & Merchants Investments Inc. Buys 1,340 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Farmers & Merchants Investments Inc. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 134.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,340 shares of the company’s stock after purchasing an additional 1,340 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Palantir Technologies were worth $177,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after acquiring an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $876,000. Mather Group LLC. grew its stake in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 448 shares during the last quarter. Destiny Wealth Partners LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $3,233,000. Finally, State of Alaska Department of Revenue increased its holdings in Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after purchasing an additional 68,945 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Wedbush lifted their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Northland Securities upped 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. Royal Bank of Canada lifted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Finally, Citigroup increased their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Stock Down 0.4 %

Shares of NASDAQ PLTR opened at $110.85 on Friday. The firm has a market cap of $252.52 billion, a P/E ratio of 583.45, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $116.30. The company has a 50 day moving average of $77.34 and a 200 day moving average of $53.24.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares of the company’s stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,656,687 shares of company stock valued at $1,040,105,687. 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.