3,742 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by WealthShield Partners LLC

WealthShield Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,742 shares of the company’s stock, valued at approximately $283,000.

A number of other large investors have also modified their holdings of PLTR. Colonial River Investments LLC grew its position in shares of Palantir Technologies by 4.5% during the 4th quarter. Colonial River Investments LLC now owns 25,536 shares of the company’s stock valued at $1,931,000 after acquiring an additional 1,102 shares during the period. World Equity Group Inc. boosted its position in Palantir Technologies by 53.5% during the fourth quarter. World Equity Group Inc. now owns 79,124 shares of the company’s stock worth $5,984,000 after purchasing an additional 27,578 shares in the last quarter. Delta Financial Group Inc. acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $272,000. Ascent Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $257,000. Finally, Cabot Wealth Management Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth approximately $272,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 10.5 %

Shares of PLTR stock opened at $90.68 on Tuesday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The stock has a market cap of $206.57 billion, a price-to-earnings ratio of 477.29, a PEG ratio of 10.84 and a beta of 2.81. The company’s 50-day moving average price is $86.17 and its 200-day moving average price is $60.27.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research analyst reports. Loop Capital initiated coverage on shares of Palantir Technologies in a research note on Thursday, February 20th. They issued a “buy” rating and a $141.00 price target on the stock. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Robert W. Baird increased their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.21.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $76.78, for a total value of $823,158.38. Following the sale, the director now directly owns 100,923 shares in the company, valued at approximately $7,748,867.94. The trade was a 9.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,719,783 shares of company stock worth $477,414,743 in the last ninety days. 12.93% of the stock is owned by 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.