SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Invests $3.75 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,515 shares of the company's stock, valued at approximately $3,745,000. Palantir Technologies accounts for about 3.7% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings, making the stock its 7th biggest holding.

A number of other large investors have also added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC raised its position in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its holdings in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC boosted its stake in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PLTR shares. Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Mizuho lifted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Citigroup raised 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. Finally, Royal Bank of Canada increased their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $75.25.

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Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 416,053 shares of the business's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $74.17, for a total value of $30,858,651.01. Following the transaction, the insider now directly owns 592 shares in the company, valued at $43,908.64. The trade was a 99.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now directly owns 62,139 shares of the company's stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 985,838 shares of company stock valued at $75,333,389. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Up 2.2 %

PLTR stock opened at $78.05 on Wednesday. The firm has a market cap of $183.06 billion, a PE ratio of 410.81, a P/E/G ratio of 10.84 and a beta of 2.81. The business has a 50 day moving average of $87.46 and a 200-day moving average of $64.35. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

Palantir Technologies 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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