5,361 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,361 shares of the company's stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. increased its stake in shares of Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after purchasing an additional 448 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at about $876,000. Destiny Wealth Partners LLC bought a new position in Palantir Technologies in the fourth quarter valued at about $3,233,000. Coldstream Capital Management Inc. acquired a new position in Palantir Technologies during the third quarter worth about $639,000. Finally, Kieckhefer Group LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $11,769,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PLTR shares. Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Citigroup boosted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. DA Davidson increased their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Loop Capital reduced their price target on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Finally, Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies has an average rating of "Hold" and an average target price of $75.19.

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Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded down $3.85 during trading on Thursday, reaching $83.60. 93,636,202 shares of the stock traded hands, compared to its average volume of 68,768,764. The stock has a 50-day moving average of $92.77 and a two-hundred day moving average of $70.43. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The stock has a market cap of $196.07 billion, a P/E ratio of 440.02, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insider Activity at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 of the company's stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares of the company's stock, valued at $9,059,661.20. This trade represents a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,993,175 shares of company stock worth $253,549,610 over the last quarter. Company insiders own 12.93% of the company's stock.

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.