JSF Financial LLC Purchases New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

JSF Financial LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,946 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Palantir Technologies by 298.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,519 shares of the company’s stock valued at $577,000 after buying an additional 11,629 shares during the period. Retirement Planning Group LLC boosted its position in Palantir Technologies by 9.3% during the 3rd quarter. Retirement Planning Group LLC now owns 21,327 shares of the company’s stock worth $793,000 after acquiring an additional 1,810 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Palantir Technologies by 11.4% during the third quarter. Exchange Traded Concepts LLC now owns 114,589 shares of the company’s stock valued at $4,263,000 after purchasing an additional 11,708 shares during the period. Sound Income Strategies LLC raised its stake in shares of Palantir Technologies by 21.4% during the third quarter. Sound Income Strategies LLC now owns 3,481 shares of the company’s stock valued at $130,000 after purchasing an additional 613 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in Palantir Technologies by 118.4% in the third quarter. Armstrong Advisory Group Inc. now owns 6,559 shares of the company’s stock worth $244,000 after purchasing an additional 3,556 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 5.2 %

Shares of Palantir Technologies stock opened at $116.65 on Tuesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $116.76. The firm’s 50-day moving average price is $77.34 and its two-hundred day moving average price is $53.60. The stock has a market capitalization of $265.73 billion, a price-to-earnings ratio of 613.98, a P/E/G ratio of 11.44 and a beta of 2.81.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research reports. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. UBS Group raised their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Northland Securities boosted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Finally, William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.44.

Insider Activity

In other news, insider Shyam Sankar sold 5,250,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total value of $367,920,000.00. Following the transaction, the insider now owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This trade represents a 87.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 1,823,602 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $406,004,124.96. The trade was a 22.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,656,687 shares of company stock worth $1,040,105,687. 12.93% of the stock is owned by corporate insiders.

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.