Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 80.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,970 shares of the company’s stock after acquiring an additional 28,166 shares during the quarter. Global Retirement Partners LLC’s holdings in Palantir Technologies were worth $4,762,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PLTR. Mather Group LLC. increased its position in shares of Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 448 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the period. Diversify Wealth Management LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $876,000. Destiny Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $3,233,000. Finally, State of Alaska Department of Revenue increased its position in shares of Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after purchasing an additional 68,945 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,301,387 shares of company stock valued at $575,821,045. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 10.1 %

PLTR opened at $112.06 on Thursday. The stock has a market cap of $255.27 billion, a price-to-earnings ratio of 589.82, a PEG ratio of 12.25 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The stock has a fifty day moving average price of $84.70 and a 200 day moving average price of $58.51.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research analyst reports. Citigroup lifted their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.44.

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.