Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 248.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,307 shares of the company's stock after buying an additional 25,885 shares during the quarter. FAS Wealth Partners Inc.'s holdings in Palantir Technologies were worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Palantir Technologies during the fourth quarter worth $1,360,191,000. Geode Capital Management LLC lifted its stake in Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Wellington Management Group LLP boosted its stake in Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after buying an additional 3,907,022 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after purchasing an additional 3,509,311 shares during the period. Finally, Capital World Investors purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $253,816,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on PLTR. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Wedbush reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. Loop Capital reissued a "buy" rating on shares of Palantir Technologies in a report on Friday, April 4th. Finally, Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $74.71.

Insider Activity

In other news, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total value of $2,772,900.00. Following the sale, the insider now owns 702,786 shares in the company, valued at approximately $64,958,509.98. This represents a 4.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now directly owns 592 shares of the company's stock, valued at approximately $48,988. This represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock worth $253,328,090 over the last 90 days. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Up 0.3 %

Shares of NASDAQ PLTR traded up $0.41 on Monday, hitting $124.69. The company had a trading volume of 59,065,062 shares, compared to its average volume of 75,394,078. The firm has a market capitalization of $292.45 billion, a P/E ratio of 656.79, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12-month low of $20.50 and a 12-month high of $125.41. The business has a 50 day moving average of $91.17 and a two-hundred day moving average of $79.98.

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.