Birch Hill Investment Advisors LLC Buys Shares of 3,909 Palantir Technologies Inc. (NASDAQ:PLTR)

Birch Hill Investment Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, Holdings Channel reports. The fund acquired 3,909 shares of the company’s stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 747.1% in 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 during the last quarter. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the fourth quarter worth $28,000. Wolff Wiese Magana LLC grew its position in Palantir Technologies by 230.4% in 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. Finally, R Squared Ltd acquired a new stake in Palantir Technologies in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PLTR shares. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Mizuho upped their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note 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 company an “underperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $69.44.

Palantir Technologies Stock Down 0.4 %

Shares of PLTR opened at $110.85 on Friday. The stock has a market cap of $252.52 billion, a PE ratio of 583.45, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $116.30. The business has a 50-day simple moving average of $77.34 and a two-hundred day simple moving average of $53.24.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now directly owns 62,139 shares in the company, valued at $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. Over the last three months, insiders have sold 15,656,687 shares of company stock worth $1,040,105,687. Insiders own 12.93% of the company’s stock.

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.