Spahn Wealth & Retirement LLC Acquires Shares of 97,682 Palantir Technologies Inc. (NASDAQ:PLTR)

Spahn Wealth & Retirement LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 97,682 shares of the company's stock, valued at approximately $7,388,000. Palantir Technologies makes up approximately 4.8% of Spahn Wealth & Retirement LLC's portfolio, making the stock its 6th biggest holding.

Other institutional investors also recently modified their holdings of the company. Arete Wealth Advisors LLC raised its position in shares of Palantir Technologies by 3.7% during the fourth quarter. Arete Wealth Advisors LLC now owns 50,878 shares of the company's stock worth $3,858,000 after acquiring an additional 1,814 shares during the last quarter. World Investment Advisors raised its holdings in Palantir Technologies by 137.7% during the 4th quarter. World Investment Advisors now owns 22,144 shares of the company's stock worth $1,675,000 after purchasing an additional 12,828 shares during the last quarter. Westpac Banking Corp lifted its position in Palantir Technologies by 337.5% during the 4th quarter. Westpac Banking Corp now owns 32,997 shares of the company's stock valued at $2,496,000 after purchasing an additional 25,454 shares during the period. Nicolet Advisory Services LLC boosted its stake in shares of Palantir Technologies by 29.9% in the 4th quarter. Nicolet Advisory Services LLC now owns 12,648 shares of the company's stock valued at $957,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Martin Investment Management LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $230,000. 45.65% of the stock is owned by institutional investors.

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Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the sale, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. This trade represents a 19.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,993,175 shares of company stock worth $253,549,610 in the last three months. Insiders own 12.93% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Citigroup raised their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Morgan Stanley raised Palantir Technologies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Royal Bank of Canada upped their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $75.19.

Palantir Technologies Stock Down 11.5 %

PLTR traded down $9.59 during trading hours on Friday, hitting $74.01. 146,810,995 shares of the company's stock were exchanged, compared to its average volume of 69,079,991. The stock has a market cap of $173.58 billion, a price-to-earnings ratio of 389.55, a PEG ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The stock's 50-day moving average is $92.77 and its two-hundred day moving average is $70.43.

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.