Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Personal CFO Solutions LLC

Personal CFO Solutions LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,920 shares of the company’s stock after purchasing an additional 1,849 shares during the period. Personal CFO Solutions LLC’s holdings in Palantir Technologies were worth $750,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC lifted its holdings in shares of Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after buying an additional 130 shares during the period. Tritonpoint Wealth LLC raised its position in shares of Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock worth $537,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its position in shares of Palantir Technologies by 2.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after acquiring an additional 139 shares in the last quarter. RKL Wealth Management LLC boosted its stake in shares of Palantir Technologies by 2.7% during the 4th quarter. RKL Wealth Management LLC now owns 5,689 shares of the company’s stock worth $430,000 after purchasing an additional 150 shares during the last quarter. Finally, Kennebec Savings Bank grew its stake in Palantir Technologies by 29.5% in the 4th quarter. Kennebec Savings Bank now owns 698 shares of the company’s stock worth $53,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. The trade was a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,435,838 shares of company stock valued at $107,260,889 over the last quarter. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 5.7 %

Shares of NASDAQ PLTR opened at $85.07 on Monday. The firm’s 50-day simple moving average is $87.43 and its 200 day simple moving average is $63.71. The stock has a market cap of $199.51 billion, a P/E ratio of 447.74, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PLTR shares. DA Davidson increased their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Robert W. Baird lifted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Loop Capital started coverage on Palantir Technologies in a research note on Thursday, February 20th. They issued a “buy” rating and a $141.00 price target for the company. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.79.

Palantir Technologies Company 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.