Root Financial Partners LLC Makes New $464,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Root Financial Partners LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,133 shares of the company’s stock, valued at approximately $464,000.

Several other institutional investors have also recently made changes to their positions in PLTR. SeaCrest Wealth Management LLC grew its position in Palantir Technologies by 8.2% during the third quarter. SeaCrest Wealth Management LLC now owns 31,843 shares of the company’s stock worth $1,185,000 after buying an additional 2,400 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Palantir Technologies by 63.4% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 37,631 shares of the company’s stock valued at $1,400,000 after acquiring an additional 14,600 shares during the last quarter. Firethorn Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the third quarter worth about $206,000. Seven Grand Managers LLC bought a new position in shares of Palantir Technologies in the third quarter worth approximately $930,000. Finally, Tamar Securities LLC purchased a new stake in Palantir Technologies in the third quarter valued at approximately $331,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $117.91 on Friday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $118.66. The business has a 50 day simple moving average of $80.12 and a two-hundred day simple moving average of $55.28. The firm has a market capitalization of $268.60 billion, a price-to-earnings ratio of 620.61, a PEG ratio of 11.44 and a beta of 2.81.

Analysts Set New Price Targets

A number of equities analysts have commented on PLTR shares. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. Wedbush raised their price target on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $69.44.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 38,093 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $405,296,576.58. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,346,976 shares of company stock valued at $642,660,729. Company insiders own 12.93% of the company’s stock.

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.