Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,215 shares of the company’s stock after buying an additional 7,575 shares during the period. Palantir Technologies accounts for approximately 1.1% of Intrepid Financial Planning Group LLC’s investment portfolio, making the stock its 24th largest holding. Intrepid Financial Planning Group LLC’s holdings in Palantir Technologies were worth $2,588,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Palantir Technologies by 96.4% during the third quarter. State Street Corp now owns 82,512,440 shares of the company’s stock valued at $3,069,463,000 after purchasing an additional 40,498,024 shares during the period. Geode Capital Management LLC increased its holdings in shares of Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock valued at $1,777,568,000 after purchasing an additional 16,598,253 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Palantir Technologies by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company’s stock valued at $986,431,000 after purchasing an additional 655,815 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Palantir Technologies by 10.9% during the fourth quarter. Bank of New York Mellon Corp now owns 12,843,672 shares of the company’s stock valued at $971,367,000 after purchasing an additional 1,262,479 shares during the period. Finally, FMR LLC increased its holdings in shares of Palantir Technologies by 8.8% during the third quarter. FMR LLC now owns 12,478,281 shares of the company’s stock valued at $464,192,000 after purchasing an additional 1,004,603 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s 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 completion of the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,069,785 shares of company stock worth $254,537,238. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Up 8.3 %

Shares of NASDAQ PLTR opened at $86.24 on Friday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market capitalization of $202.26 billion, a PE ratio of 453.92, a PEG ratio of 10.84 and a beta of 2.81. The business has a 50-day moving average price of $87.83 and a two-hundred day moving average price of $65.22.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. DA Davidson raised their price target on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Mizuho raised their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Loop Capital decreased their target price on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday. Cantor Fitzgerald raised their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Company 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.