Strategies Wealth Advisors LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Strategies Wealth Advisors LLC bought a new position in shares of 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 bought 11,874 shares of the company's stock, valued at approximately $898,000.

Several other institutional investors have also bought and sold shares of the stock. Roxbury Financial LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. Wedbush restated an "outperform" rating and issued a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Loop Capital reiterated a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Finally, Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $74.95.

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Insider Activity

In related news, Director Alexandra W. Schiff sold 6,776 shares of the company's 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 sale, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock worth $253,328,090 over the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 6.2 %

Shares of PLTR traded up $5.78 on Tuesday, hitting $98.40. The company's stock had a trading volume of 117,035,424 shares, compared to its average volume of 72,009,046. The firm has a market capitalization of $230.78 billion, a price-to-earnings ratio of 517.92, a P/E/G ratio of 10.84 and a beta of 2.74. The firm's fifty day moving average price is $92.38 and its 200-day moving average price is $73.83. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week 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.