Financial Sense Advisors Inc. Acquires 8,700 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Financial Sense Advisors Inc. raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,200 shares of the company's stock after purchasing an additional 8,700 shares during the period. Palantir Technologies accounts for approximately 0.9% of Financial Sense Advisors Inc.'s holdings, making the stock its 28th biggest holding. Financial Sense Advisors Inc.'s holdings in Palantir Technologies were worth $2,813,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Palantir Technologies by 96.4% in the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company's stock valued at $3,069,463,000 after acquiring an additional 40,498,024 shares during the period. Geode Capital Management LLC raised its position in shares of Palantir Technologies by 52.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock valued at $1,777,568,000 after acquiring an additional 16,598,253 shares during the period. International Assets Investment Management LLC raised its position in shares of Palantir Technologies by 3,476.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company's stock valued at $254,162,000 after acquiring an additional 6,641,253 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Palantir Technologies by 60.5% in 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. Finally, Lord Abbett & CO. LLC raised its position in shares of Palantir Technologies by 943.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 3,300,766 shares of the company's stock valued at $122,788,000 after acquiring an additional 2,984,348 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 5.5 %

Shares of NASDAQ:PLTR traded down $5.86 during midday trading on Friday, hitting $100.41. The stock had a trading volume of 114,210,605 shares, compared to its average volume of 90,424,781. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The business's 50-day simple moving average is $85.36 and its 200-day simple moving average is $58.84. The company has a market cap of $228.74 billion, a P/E ratio of 530.31, a PEG ratio of 11.52 and a beta of 2.81.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares of the company's stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock in a transaction 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 transaction, the director now directly owns 111,644 shares of the company's stock, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,680,992 shares of company stock valued at $473,395,877 in the last quarter. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on PLTR shares. Wedbush increased their target price on Palantir Technologies from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Loop Capital started coverage on Palantir Technologies in a research note on Thursday. They set a "buy" rating and a $141.00 target price for the company. Citigroup increased their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Cantor Fitzgerald increased their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, William Blair reissued an "underperform" rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $73.21.

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.