Next Level Wealth Planning LLC Takes $495,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Next Level Wealth Planning LLC acquired a new position in 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 & Exchange Commission. The firm acquired 6,550 shares of the company's stock, valued at approximately $495,000. Palantir Technologies comprises about 0.4% of Next Level Wealth Planning LLC's holdings, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its stake in Palantir Technologies by 96.4% in the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after purchasing an additional 40,498,024 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Palantir Technologies by 52.9% in the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock worth $1,777,568,000 after buying an additional 16,598,253 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Palantir Technologies by 3,476.2% during the third quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company's stock worth $254,162,000 after acquiring an additional 6,641,253 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Palantir Technologies by 60.5% during the third 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 in the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in 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 last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

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Palantir Technologies Stock Down 10.1 %

Shares of Palantir Technologies stock traded down $12.56 on Wednesday, hitting $112.06. 142,280,695 shares of the company were exchanged, compared to its average volume of 84,784,539. The company has a 50-day moving average price of $84.70 and a 200 day moving average price of $58.51. The stock has a market capitalization of $255.27 billion, a price-to-earnings ratio of 589.82, a price-to-earnings-growth ratio of 12.25 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, 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 the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the transaction, the director now directly owns 111,644 shares in the company, 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. In the last quarter, insiders sold 8,301,387 shares of company stock worth $575,821,045. Insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of several research reports. Citigroup lifted their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Baird R W raised Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Northland Securities increased their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, February 4th. Wedbush boosted their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective 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. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $69.44.

About Palantir Technologies

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.