Nations Financial Group Inc. IA ADV Has $1.66 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Nations Financial Group Inc. IA ADV boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 15.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,885 shares of the company’s stock after purchasing an additional 2,987 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Palantir Technologies were worth $1,655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. WASHINGTON TRUST Co raised its stake in Palantir Technologies by 106.5% in the 4th quarter. WASHINGTON TRUST Co now owns 2,272 shares of the company’s stock worth $172,000 after purchasing an additional 1,172 shares in the last quarter. WealthPLAN Partners LLC raised its stake in Palantir Technologies by 49.8% in the 4th quarter. WealthPLAN Partners LLC now owns 13,802 shares of the company’s stock worth $1,044,000 after purchasing an additional 4,589 shares in the last quarter. Quadrant Private Wealth Management LLC raised its stake in Palantir Technologies by 55.4% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 10,060 shares of the company’s stock worth $761,000 after purchasing an additional 3,587 shares in the last quarter. Sage Advisors LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $369,000. Finally, Valeo Financial Advisors LLC raised its position in shares of Palantir Technologies by 25.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 46,167 shares of the company’s stock valued at $3,492,000 after buying an additional 9,314 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $119.16 on Friday. The firm’s fifty day moving average is $81.90 and its 200-day moving average is $56.56. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $120.67. The firm has a market cap of $271.45 billion, a P/E ratio of 627.19, a P/E/G ratio of 11.44 and a beta of 2.81.

Insider Activity

In other news, insider Shyam Sankar sold 5,250,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This represents a 87.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,346,976 shares of company stock valued at $642,660,729. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on PLTR. Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Citigroup boosted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, DA Davidson lifted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.44.

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.