Rehmann Capital Advisory Group Makes New Investment in Palantir Technologies Inc. (NYSE:PLTR)

Rehmann Capital Advisory Group purchased a new position in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,623 shares of the company’s stock, valued at approximately $81,000.

Other institutional investors also recently bought and sold shares of the company. Exos TFP Holdings LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $35,000. Romano Brothers AND Company purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at about $39,000. Guardian Wealth Advisors LLC purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $47,000. Allworth Financial LP lifted its holdings in shares of Palantir Technologies by 54.2% in the 4th quarter. Allworth Financial LP now owns 7,381 shares of the company’s stock valued at $47,000 after purchasing an additional 2,594 shares during the last quarter. Finally, Kistler Tiffany Companies LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at about $48,000. 31.90% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 269,510 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $11.76, for a total value of $3,169,437.60. Following the sale, the insider now owns 1,603,950 shares in the company, valued at approximately $18,862,452. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Shyam Sankar sold 269,510 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $11.76, for a total value of $3,169,437.60. Following the sale, the insider now owns 1,603,950 shares of the company’s stock, valued at approximately $18,862,452. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 141,944 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $10.24, for a total value of $1,453,506.56. Following the completion of the sale, the insider now directly owns 1,132,914 shares in the company, valued at approximately $11,601,039.36. The disclosure for this sale can be found here. Insiders have sold a total of 511,341 shares of company stock worth $5,586,327 in the last quarter. Company insiders own 13.96% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $12.84 on Friday. The stock’s 50 day simple moving average is $8.83 and its 200 day simple moving average is $7.95. Palantir Technologies Inc. has a 1-year low of $5.84 and a 1-year high of $13.42.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLTR. Credit Suisse Group reissued a “neutral” rating and issued a $11.00 target price on shares of Palantir Technologies in a report on Wednesday, February 15th. Mizuho upped their price objective on Palantir Technologies from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, February 14th. The Goldman Sachs Group reduced their price objective on Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $6.00 to $7.00 in a research note on Tuesday, May 9th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a research note on Thursday, February 23rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.54.

Palantir Technologies Profile

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.