Peterson Wealth Services Buys 52,753 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Peterson Wealth Services grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 376,807.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,767 shares of the company’s stock after purchasing an additional 52,753 shares during the period. Palantir Technologies makes up about 1.2% of Peterson Wealth Services’ portfolio, making the stock its 18th biggest position. Peterson Wealth Services’ holdings in Palantir Technologies were worth $3,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mather Group LLC. lifted its stake in shares of Palantir Technologies by 101.4% in 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Palantir Technologies by 60.5% in 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 last quarter. Diversify Wealth Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $3,233,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Palantir Technologies by 22.9% in the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after buying an additional 68,945 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 5.2 %

Shares of NASDAQ PLTR opened at $116.65 on Tuesday. The stock has a market capitalization of $265.73 billion, a PE ratio of 613.98, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The stock’s fifty day simple moving average is $77.34 and its two-hundred day simple moving average is $53.60. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $116.76.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PLTR shares. UBS Group increased their price target on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. DA Davidson increased their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Wedbush increased their price target on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada increased their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” 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 three have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $69.44.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 1,823,602 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $63.12, for a total value of $115,105,758.24. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $406,004,124.96. This trade represents a 22.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the completion of the sale, the director now directly owns 111,644 shares of the company’s stock, valued at $7,454,469.88. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687. 12.93% of the stock is currently owned by corporate 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.