Centric Wealth Management Purchases 19,393 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Centric Wealth Management increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 518.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,134 shares of the company’s stock after acquiring an additional 19,393 shares during the period. Centric Wealth Management’s holdings in Palantir Technologies were worth $1,750,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PLTR. Lokken Investment Group LLC purchased a new position in Palantir Technologies in the fourth quarter worth about $233,000. Geode Capital Management LLC increased its position in shares of Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the last quarter. National Wealth Management Group LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth approximately $1,665,000. StoneX Group Inc. boosted its holdings in shares of Palantir Technologies by 32.7% in the fourth quarter. StoneX Group Inc. now owns 20,882 shares of the company’s stock worth $1,579,000 after buying an additional 5,146 shares during the last quarter. Finally, Nemes Rush Group LLC grew its position in Palantir Technologies by 33.7% during the fourth quarter. Nemes Rush Group LLC now owns 10,624 shares of the company’s stock valued at $803,000 after buying an additional 2,678 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now directly owns 184,617 shares of the company’s stock, valued at $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. The trade was a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock valued at $281,528,938 in the last quarter. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Robert W. Baird increased their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Northland Securities upped their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group raised their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Trading Down 1.7 %

NASDAQ:PLTR opened at $84.40 on Tuesday. The business’s 50-day moving average is $92.23 and its 200 day moving average is $69.88. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a market capitalization of $197.95 billion, a P/E ratio of 444.23, a P/E/G ratio of 10.84 and a beta of 2.81.

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.