Gibraltar Capital Management Inc. Invests $201,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Gibraltar Capital Management Inc. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,663 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PLTR. National Pension Service grew its holdings in shares of Palantir Technologies by 64.8% during the 4th quarter. National Pension Service now owns 4,943,328 shares of the company’s stock valued at $373,913,000 after purchasing an additional 1,943,411 shares during the last quarter. Kellett Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $227,000. Advisor OS LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $427,000. Denali Advisors LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth $2,158,000. Finally, Lake Street Advisors Group LLC raised its holdings in Palantir Technologies by 29.4% during the 4th quarter. Lake Street Advisors Group LLC now owns 33,549 shares of the company’s stock valued at $2,537,000 after buying an additional 7,618 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the sale, the insider now directly owns 702,786 shares of the company’s stock, valued at approximately $64,958,509.98. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,719,783 shares of company stock valued at $477,414,743. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $87.84 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The company has a market cap of $200.10 billion, a P/E ratio of 462.34, a P/E/G ratio of 10.84 and a beta of 2.81. The business’s 50 day moving average price is $86.44 and its 200-day moving average price is $60.68.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PLTR shares. Royal Bank of Canada boosted their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Loop Capital began coverage on Palantir Technologies in a research report on Thursday, February 20th. They set a “buy” rating and a $141.00 price target for the company. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Jefferies Financial Group raised their target price 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. Finally, Wedbush increased their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.21.

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.