Financial Security Advisor Inc. Buys New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Financial Security Advisor Inc. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,740 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also added to or reduced their stakes in PLTR. Prestige Wealth Management Group LLC boosted its holdings in shares of Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC acquired a new position in Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC grew its position in Palantir Technologies by 230.4% during 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 during the period. Finally, HighMark Wealth Management LLC raised its stake in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of Palantir Technologies stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the transaction, the director now 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,689,783 shares of company stock worth $475,417,043. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Citigroup boosted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Bank of America increased their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Loop Capital initiated coverage on shares of Palantir Technologies in a report on Thursday, February 20th. They issued a “buy” rating and a $141.00 price objective for the company. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.21.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $84.77 on Friday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The firm has a market capitalization of $193.11 billion, a PE ratio of 446.18, a P/E/G ratio of 10.84 and a beta of 2.81. The business’s 50 day moving average price is $87.00 and its 200-day moving average price is $61.04.

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.