FWG Holdings LLC Makes New $648,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

FWG Holdings LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 7,743 shares of the company’s stock, valued at approximately $648,000.

Several other hedge funds also recently modified their holdings of the stock. Westover Capital Advisors LLC lifted its stake in Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after acquiring an additional 130 shares in the last quarter. Tritonpoint Wealth LLC raised its holdings in shares of Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $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% during the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after purchasing an additional 139 shares in the last quarter. RKL Wealth Management LLC boosted its holdings in Palantir Technologies by 2.7% during the fourth 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 boosted its holdings in Palantir Technologies by 29.5% during the fourth quarter. Kennebec Savings Bank now owns 698 shares of the company’s stock worth $53,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PLTR shares. Robert W. Baird lifted their target price 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. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Northland Securities boosted their price objective 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. William Blair upgraded Palantir Technologies from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 5th. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.79.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $85.07 on Monday. The stock has a market capitalization of $199.51 billion, a price-to-earnings ratio of 447.74, a PEG ratio of 10.84 and a beta of 2.81. The company’s fifty day simple moving average is $87.43 and its two-hundred day simple moving average is $63.71. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 completion of the sale, the director now directly owns 62,139 shares in the company, valued at approximately $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. Over the last three months, insiders sold 1,435,838 shares of company stock worth $107,260,889. 12.93% of the stock is 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.