DecisionMap Wealth Management LLC Takes $240,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

DecisionMap Wealth Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,179 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Atria Investments Inc boosted its holdings in shares of Palantir Technologies by 7.5% in the third quarter. Atria Investments Inc now owns 55,014 shares of the company’s stock valued at $2,047,000 after buying an additional 3,835 shares during the period. Baker Avenue Asset Management LP acquired a new position in shares of Palantir Technologies in the third quarter valued at approximately $210,000. Venturi Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 56.5% in the third quarter. Venturi Wealth Management LLC now owns 16,799 shares of the company’s stock valued at $625,000 after buying an additional 6,066 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in shares of Palantir Technologies by 68.3% in the third quarter. Nations Financial Group Inc. IA ADV now owns 18,898 shares of the company’s stock valued at $703,000 after buying an additional 7,666 shares during the period. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 7.8% in the third quarter. Apollon Wealth Management LLC now owns 26,119 shares of the company’s stock valued at $972,000 after buying an additional 1,901 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PLTR. Cantor Fitzgerald boosted their price objective 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. UBS Group boosted their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Citigroup boosted their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Finally, DA Davidson boosted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.25.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $83.65 on Thursday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company has a market cap of $196.19 billion, a P/E ratio of 440.29, a P/E/G ratio of 10.84 and a beta of 2.81. The firm’s fifty day moving average price is $87.62 and its two-hundred day moving average price is $64.49.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 416,053 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $74.17, for a total value of $30,858,651.01. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $43,908.64. This represents a 99.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 985,838 shares of company stock worth $75,333,389 over the last ninety days. Insiders own 12.93% of the company’s stock.

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.