Murphy & Mullick Capital Management Corp Buys New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Murphy & Mullick Capital Management Corp purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,814 shares of the company’s stock, valued at approximately $1,347,000. Palantir Technologies makes up 1.2% of Murphy & Mullick Capital Management Corp’s portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wambolt & Associates LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $1,502,000. Florida Financial Advisors LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth $325,000. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Palantir Technologies by 179.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 78,788 shares of the company’s stock worth $5,959,000 after purchasing an additional 50,618 shares during the period. PKS Advisory Services LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $237,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $222,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group upped their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Loop Capital reduced their price target on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Mizuho increased their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $74.45.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction 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 directly owns 592 shares of the company’s stock, valued at approximately $48,988. This represents a 99.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,379,785 shares of company stock valued at $281,528,938 over the last quarter. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 0.2 %

PLTR stock opened at $96.51 on Wednesday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a fifty day simple moving average of $90.80 and a 200 day simple moving average of $68.37. The firm has a market cap of $226.35 billion, a PE ratio of 507.97, a PEG ratio of 10.84 and a beta of 2.81.

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.