Wealthcare Capital Partners LLC Takes $409,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Wealthcare Capital Partners LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,412 shares of the company’s stock, valued at approximately $409,000.

Other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in shares of Palantir Technologies in the third quarter valued at $25,000. Prestige Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the last quarter. First PREMIER Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC increased its stake in 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 purchasing an additional 265 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Palantir Technologies during the 4th quarter worth about $33,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 5.2 %

Shares of PLTR stock opened at $116.65 on Tuesday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $116.76. The firm’s fifty day simple moving average is $77.34 and its 200 day simple moving average is $53.60. The firm has a market capitalization of $265.73 billion, a P/E ratio of 613.98, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Northland Securities increased their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.44.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.10, for a total transaction of $283,950,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $405,875,479.80. The trade was a 41.16 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,656,687 shares of company stock worth $1,040,105,687. 12.93% of the stock is currently owned by company insiders.

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.