Mcdonald Partners LLC Purchases Shares of 3,000 Palantir Technologies Inc. (NASDAQ:PLTR)

Mcdonald Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $227,000.

Other large investors have also made changes to their positions in the company. Mather Group LLC. grew its holdings in shares of Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after purchasing an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after purchasing an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in Palantir Technologies during the 4th quarter worth about $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter worth about $3,233,000. Finally, State of Alaska Department of Revenue lifted its position in Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after buying an additional 68,945 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $124.62 on Wednesday. The company’s 50 day simple moving average is $83.91 and its 200 day simple moving average is $58.13. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.00. The firm has a market capitalization of $283.89 billion, a price-to-earnings ratio of 655.93, a PEG ratio of 12.25 and a beta of 2.81.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PLTR shares. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Bank of America upped their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Six 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.44.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $66.77, for a total transaction of $650,740.42. Following the sale, the director now directly owns 111,644 shares in the company, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 1,620,395 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $406,583,028.18. This trade represents a 20.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,301,387 shares of company stock valued at $575,821,045 in the last 90 days. 12.93% of the stock is owned by insiders.

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.