Lee Danner & Bass Inc. Makes New $38,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Lee Danner & Bass Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, HoldingsChannel reports. The fund bought 500 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC lifted its position in shares of Palantir Technologies by 406.7% during the third quarter. Natixis Advisors LLC now owns 54,742 shares of the company’s stock worth $2,036,000 after purchasing an additional 43,938 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Palantir Technologies by 73.8% in the third quarter. Thrivent Financial for Lutherans now owns 91,656 shares of the company’s stock valued at $3,409,000 after purchasing an additional 38,924 shares during the last quarter. Pathstone Holdings LLC increased its stake in Palantir Technologies by 14.5% in the third quarter. Pathstone Holdings LLC now owns 108,707 shares of the company’s stock valued at $4,044,000 after purchasing an additional 13,797 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Palantir Technologies by 73.5% in the third quarter. PNC Financial Services Group Inc. now owns 107,455 shares of the company’s stock valued at $3,997,000 after purchasing an additional 45,505 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Palantir Technologies by 76.0% in the third quarter. Advisors Asset Management Inc. now owns 53,665 shares of the company’s stock valued at $1,996,000 after purchasing an additional 23,178 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This represents a 99.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,379,785 shares of company stock worth $281,528,938. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho increased their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. UBS Group raised their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Royal Bank of Canada raised their target price 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. Citigroup lifted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Finally, DA Davidson lifted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $90.96 on Monday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The stock has a market capitalization of $213.33 billion, a P/E ratio of 478.76, a PEG ratio of 10.84 and a beta of 2.81. The stock has a 50-day simple moving average of $89.55 and a 200-day simple moving average of $67.44.

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.