Werba Rubin Papier Wealth Management Invests $403,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Werba Rubin Papier Wealth Management bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,334 shares of the company's stock, valued at approximately $403,000.

A number of other institutional investors also recently modified their holdings of the stock. Tritonpoint Wealth LLC raised its position in Palantir Technologies by 1.9% during the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after acquiring an additional 132 shares in the last quarter. Kennebec Savings Bank raised its holdings in shares of Palantir Technologies by 29.5% during the 4th quarter. Kennebec Savings Bank now owns 698 shares of the company's stock valued at $53,000 after purchasing an additional 159 shares in the last quarter. HighMark Wealth Management LLC lifted its stake in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. RMR Wealth Builders boosted its holdings in Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company's stock worth $545,000 after purchasing an additional 167 shares in the last quarter. Finally, Bay Rivers Group increased its position in Palantir Technologies by 2.7% during the fourth quarter. Bay Rivers Group now owns 6,406 shares of the company's stock worth $484,000 after buying an additional 171 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PLTR. Robert W. Baird upped their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Argus downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $73.21.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the sale, the director now directly owns 111,644 shares of the company's stock, valued at approximately $7,454,469.88. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,680,992 shares of company stock worth $473,395,877 over the last quarter. Company insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded down $0.14 during trading on Friday, hitting $106.13. 26,801,266 shares of the company's stock traded hands, compared to its average volume of 87,910,984. The company has a market cap of $241.76 billion, a PE ratio of 559.40, a PEG ratio of 11.52 and a beta of 2.81. The firm's fifty day moving average price is $85.36 and its 200 day moving average price is $58.84. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41.

Palantir Technologies Company 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.