Wise Wealth Partners Buys New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Wise Wealth Partners acquired a new stake 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 Securities and Exchange Commission (SEC). The fund acquired 3,022 shares of the company's stock, valued at approximately $229,000.

A number of other institutional investors also recently modified their holdings of the company. Roxbury Financial LLC acquired a new position in Palantir Technologies during the fourth quarter worth $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter worth about $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC lifted its position in 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 acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Heather A. Planishek sold 13,891 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % 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. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PLTR shares. Citigroup raised their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Royal Bank of Canada restated an "underperform" rating and set a $40.00 price objective on shares of Palantir Technologies in a research note on Tuesday. Loop Capital reaffirmed a "buy" rating on shares of Palantir Technologies in a report on Friday, April 4th. Jefferies Financial Group increased their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $74.71.

Palantir Technologies Stock Down 1.9 %

PLTR traded down $2.24 during trading hours on Thursday, hitting $116.20. The stock had a trading volume of 89,777,113 shares, compared to its average volume of 75,081,779. The stock has a market cap of $272.53 billion, a PE ratio of 611.61, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41. The company's fifty day simple moving average is $90.44 and its 200 day simple moving average is $78.89.

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.