Palantir Technologies Inc. (NASDAQ:PLTR) Stake Lifted by Activest Wealth Management

Activest Wealth Management increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 55.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632 shares of the company’s stock after purchasing an additional 226 shares during the period. Activest Wealth Management’s holdings in Palantir Technologies were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. CWM LLC lifted its holdings in shares of Palantir Technologies by 17.2% in the third quarter. CWM LLC now owns 112,897 shares of the company’s stock valued at $4,200,000 after buying an additional 16,552 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Palantir Technologies by 298.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,519 shares of the company’s stock valued at $577,000 after acquiring an additional 11,629 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Palantir Technologies by 1.9% during the 3rd quarter. Valeo Financial Advisors LLC now owns 36,853 shares of the company’s stock valued at $1,371,000 after purchasing an additional 676 shares in the last quarter. Silverlake Wealth Management LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $205,000. Finally, CRA Financial Services LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter worth approximately $201,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Cantor Fitzgerald lifted their price target 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. 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. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada lifted their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $69.44.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 38,093 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $63.01, for a total value of $2,400,239.93. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $405,296,576.58. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares in the company, valued at $9,059,661.20. This trade represents a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687 over the last three months. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Down 0.4 %

Palantir Technologies stock opened at $110.85 on Monday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $116.30. The firm’s fifty day simple moving average is $77.34 and its 200-day simple moving average is $53.42. The company has a market capitalization of $252.52 billion, a P/E ratio of 583.45, a P/E/G ratio of 11.44 and a beta of 2.81.

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.