Chatham Capital Group Inc. Acquires New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Chatham Capital Group Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,150 shares of the company’s stock, valued at approximately $238,000.

Several other institutional investors also recently bought and sold shares of the company. E Fund Management Co. Ltd. grew its position in Palantir Technologies by 134.4% in the 4th quarter. E Fund Management Co. Ltd. now owns 68,133 shares of the company’s stock valued at $5,153,000 after acquiring an additional 39,070 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $333,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Palantir Technologies in the 4th quarter valued at about $210,000. Ethos Financial Group LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $769,000. Finally, Lindbrook Capital LLC grew its position in Palantir Technologies by 18.2% in the 4th quarter. Lindbrook Capital LLC now owns 10,781 shares of the company’s stock valued at $815,000 after acquiring an additional 1,660 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 5.7 %

PLTR stock opened at $85.07 on Friday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The business has a 50 day moving average price of $87.31 and a 200 day moving average price of $62.91. The stock has a market cap of $199.51 billion, a price-to-earnings ratio of 447.74, a PEG ratio of 10.84 and a beta of 2.81.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now directly owns 170,273 shares of the company’s stock, valued at $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 ninety days, insiders sold 1,435,838 shares of company stock valued at $107,260,889. 12.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLTR. Northland Securities lifted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Citigroup lifted their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Robert W. Baird boosted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” 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 objective for the company. Finally, Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.79.

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.