154,210 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Life Planning Partners Inc

Life Planning Partners Inc bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, HoldingsChannel reports. The firm bought 154,210 shares of the company’s stock, valued at approximately $11,663,000. Palantir Technologies accounts for 1.6% of Life Planning Partners Inc’s holdings, making the stock its 16th largest holding.

Other large investors have also recently modified their holdings of the company. Mather Group LLC. increased its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after acquiring an additional 448 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in Palantir Technologies in the 4th quarter worth about $876,000. Destiny Wealth Partners LLC bought a new stake in Palantir Technologies in the fourth quarter worth about $3,233,000. Coldstream Capital Management Inc. purchased a new position in shares of Palantir Technologies during the third quarter valued at approximately $639,000. Finally, Kieckhefer Group LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $11,769,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares of the company’s stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $85.85 on Friday. The business’s 50-day moving average is $91.98 and its 200 day moving average is $69.28. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The firm has a market capitalization of $201.35 billion, a P/E ratio of 451.87, a P/E/G ratio of 10.84 and a beta of 2.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PLTR shares. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Northland Securities raised their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $74.45.

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.