Total Wealth Planning & Management Inc. Invests $364,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Total Wealth Planning & Management Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,816 shares of the company's stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Continuum Advisory LLC grew its holdings in Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after acquiring an additional 98 shares during the period. Heritage Wealth Management Inc. CA lifted its position in shares of Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after acquiring an additional 111 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Palantir Technologies by 29.3% in the fourth quarter. True Wealth Design LLC now owns 503 shares of the company's stock valued at $38,000 after acquiring an additional 114 shares in the last quarter. Westover Capital Advisors LLC lifted its position in Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock worth $554,000 after buying an additional 130 shares in the last quarter. Finally, Tritonpoint Wealth LLC lifted its position in Palantir Technologies by 1.9% during the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after buying an additional 132 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLTR. Citigroup lifted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Loop Capital raised their target price on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Robert W. Baird raised their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $83.95.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 39,825 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company's stock, valued at $810,271,540.26. This represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,901,701 shares of company stock valued at $370,407,533. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ PLTR traded up $2.57 during trading on Friday, reaching $124.89. 111,645,299 shares of the company's stock were exchanged, compared to its average volume of 78,364,488. The stock has a market cap of $294.73 billion, a P/E ratio of 654.15, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The company has a 50 day moving average price of $105.30 and a two-hundred day moving average price of $89.40. Palantir Technologies Inc. has a 1 year low of $21.01 and a 1 year high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.