CreativeOne Wealth LLC Has $3.55 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

CreativeOne Wealth LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 63.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,902 shares of the company’s stock after buying an additional 18,241 shares during the quarter. CreativeOne Wealth LLC’s holdings in Palantir Technologies were worth $3,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies during the 4th quarter worth about $28,000. Wolff Wiese Magana LLC grew its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. HighMark Wealth Management LLC increased its position in Palantir Technologies by 73.5% in 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 in the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $31,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $92.62 on Tuesday. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The business’s fifty day moving average is $92.63 and its 200 day moving average is $73.66. The firm has a market cap of $217.23 billion, a price-to-earnings ratio of 487.50, a PEG ratio of 10.84 and a beta of 2.74.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Wedbush restated an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. DA Davidson reduced their price objective on shares of Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating for the company in a report on Monday. Finally, UBS Group raised their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $74.95.

Insider Activity

In other news, Director Alexandra W. Schiff sold 6,776 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54 % decrease in their position. 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 800 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last ninety days. Company 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.