ETF Store Inc. Buys Shares of 4,001 Palantir Technologies Inc. (NASDAQ:PLTR)

ETF Store Inc. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,001 shares of the company's stock, valued at approximately $303,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. raised its holdings in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after acquiring an additional 448 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock valued at $460,798,000 after acquiring an additional 4,667,955 shares during the period. Diversify Wealth Management LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $876,000. Destiny Wealth Partners LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth $3,233,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Palantir Technologies in the third quarter worth $639,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 30,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the transaction, the insider now directly owns 702,786 shares of the company's stock, valued at $64,958,509.98. This represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 569,785 shares of company stock valued at $44,474,738 over the last three months. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. Bank of America upped their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. UBS Group upped their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Wedbush reiterated an "outperform" rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Finally, William Blair set a $84.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $74.45.

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Palantir Technologies Trading Down 4.8 %

Shares of NASDAQ:PLTR opened at $79.62 on Friday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a market cap of $186.74 billion, a price-to-earnings ratio of 419.07, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The company has a 50-day moving average price of $87.71 and a 200-day moving average price of $64.59.

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.

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