Uniting Wealth Partners LLC Purchases New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Uniting Wealth Partners LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,521 shares of the company's stock, valued at approximately $1,930,000. Palantir Technologies comprises 0.9% of Uniting Wealth Partners LLC's investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank bought a new position in Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after buying an additional 265 shares during the period. HighMark Wealth Management LLC lifted its stake in 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 shares of Palantir Technologies during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,993,175 shares of company stock valued at $253,549,610 over the last three months. Company insiders own 12.93% of the company's stock.

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Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded down $3.85 on Thursday, reaching $83.60. 93,636,202 shares of the company traded hands, compared to its average volume of 68,768,764. The stock has a market capitalization of $196.07 billion, a PE ratio of 440.02, a P/E/G ratio of 10.84 and a beta of 2.81. The company's 50 day moving average is $92.77 and its 200-day moving average is $70.43. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Loop Capital cut their price target on Palantir Technologies from $141.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday. UBS Group raised their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Five 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $75.19.

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.