Sanctuary Advisors LLC Has $30.50 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Sanctuary Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 31.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 375,512 shares of the company’s stock after purchasing an additional 88,988 shares during the quarter. Sanctuary Advisors LLC’s holdings in Palantir Technologies were worth $30,499,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies during the third quarter valued at approximately $25,000. Prestige Wealth Management Group LLC boosted its holdings in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $28,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR stock opened at $119.16 on Monday. The company has a 50 day moving average price of $81.90 and a 200 day moving average price of $56.77. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $120.67. The stock has a market capitalization of $271.45 billion, a PE ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 111,644 shares in the company, valued at approximately $7,454,469.88. The trade was a 8.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 38,093 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $405,296,576.58. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,339,480 shares of company stock worth $578,221,285. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Wedbush lifted their price objective on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.44.

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.