Soltis Investment Advisors LLC Has $738,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Soltis Investment Advisors LLC boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 23.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,756 shares of the company’s stock after buying an additional 1,823 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Palantir Technologies were worth $738,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Elevation Wealth Partners LLC grew its holdings in Palantir Technologies by 64.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 511 shares of the company’s stock worth $39,000 after acquiring an additional 200 shares during the period. Savant Capital LLC grew its holdings in Palantir Technologies by 87.0% during the 4th quarter. Savant Capital LLC now owns 19,722 shares of the company’s stock worth $1,492,000 after acquiring an additional 9,173 shares during the period. Harbour Trust & Investment Management Co acquired a new stake in Palantir Technologies during the 4th quarter worth $254,000. Angeles Wealth Management LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $325,000. Finally, Activest Wealth Management grew its holdings in Palantir Technologies by 55.7% during the 4th quarter. Activest Wealth Management now owns 632 shares of the company’s stock worth $48,000 after acquiring an additional 226 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $116.65 on Tuesday. The company’s 50-day moving average price is $77.34 and its two-hundred day moving average price is $53.60. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $116.76. The stock has a market capitalization of $265.73 billion, a PE ratio of 613.98, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PLTR. Northland Securities boosted their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Wedbush boosted their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Bank of America boosted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada boosted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $69.44.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $50,128,019.74. The trade was a 3.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.10, for a total transaction of $283,950,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $405,875,479.80. The trade was a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687 in the last three months. 12.93% of the stock is currently owned by corporate insiders.

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.