Palantir Technologies Inc. (NASDAQ:PLTR) Holdings Lifted by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,776 shares of the company’s stock after acquiring an additional 18,814 shares during the period. Palantir Technologies makes up 4.0% of Left Brain Wealth Management LLC’s portfolio, making the stock its 5th biggest position. Left Brain Wealth Management LLC’s holdings in Palantir Technologies were worth $10,496,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Northwest Wealth Management LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $219,000. Wellington Shields Capital Management LLC raised its holdings in Palantir Technologies by 125.0% in the fourth quarter. Wellington Shields Capital Management LLC now owns 5,850 shares of the company’s stock valued at $442,000 after buying an additional 3,250 shares during the period. King Wealth Management Group purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $2,322,000. Atala Financial Inc purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $144,000. Finally, JPL Wealth Management LLC purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $542,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLTR. DA Davidson raised their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Northland Securities raised their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Loop Capital dropped their target price on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group raised their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $74.45.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 483,987 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. This trade represents a 73.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value 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. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 569,785 shares of company stock worth $44,474,738 over the last ninety days. 12.93% of the stock is owned by insiders.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $79.62 on Friday. The company’s fifty day moving average price is $87.71 and its two-hundred day moving average price is $64.59. 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 $186.74 billion, a price-to-earnings ratio of 419.07, a price-to-earnings-growth 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.