Berger Financial Group Inc Acquires New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Berger Financial Group Inc bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,729 shares of the company’s stock, valued at approximately $282,000.

A number of other large investors have also modified their holdings of PLTR. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $28,000. Wolff Wiese Magana LLC lifted its stake in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC lifted its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction 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 owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 1.7 %

Shares of PLTR opened at $114.65 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $125.41. The firm’s 50 day moving average price is $89.39 and its 200 day moving average price is $77.85. The company has a market cap of $268.90 billion, a P/E ratio of 603.45, a PEG ratio of 10.84 and a beta of 2.74.

Analyst Ratings Changes

PLTR has been the topic of several research reports. Northland Securities raised their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. UBS Group lifted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Mizuho lifted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada lifted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.71.

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.