Rockbridge Investment Management LCC Buys 214 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Rockbridge Investment Management LCC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,568 shares of the company’s stock after acquiring an additional 214 shares during the quarter. Rockbridge Investment Management LCC’s holdings in Palantir Technologies were worth $648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Howe & Rusling Inc. bought a new stake in Palantir Technologies in the 4th quarter worth about $435,000. AssuredPartners Investment Advisors LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $896,000. NEOS Investment Management LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $19,524,000. UniSuper Management Pty Ltd lifted its holdings in Palantir Technologies by 10.0% during the fourth quarter. UniSuper Management Pty Ltd now owns 124,352 shares of the company’s stock worth $9,405,000 after acquiring an additional 11,352 shares during the period. Finally, Sava Infond d.o.o. purchased a new position in Palantir Technologies in the fourth quarter worth $189,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $92.28 on Thursday. The firm has a fifty day moving average price of $91.28 and a two-hundred day moving average price of $68.54. The company has a market cap of $216.43 billion, a price-to-earnings ratio of 485.71, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald raised their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Bank of America increased their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Loop Capital lowered their price target on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.45.

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.