National Wealth Management Group LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

National Wealth Management Group LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,010 shares of the company’s stock, valued at approximately $1,665,000. Palantir Technologies makes up approximately 1.1% of National Wealth Management Group LLC’s portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. StoneX Group Inc. lifted its stake in shares of Palantir Technologies by 32.7% during the fourth quarter. StoneX Group Inc. now owns 20,882 shares of the company’s stock worth $1,579,000 after buying an additional 5,146 shares during the period. Nemes Rush Group LLC raised its stake in Palantir Technologies by 33.7% in the 4th quarter. Nemes Rush Group LLC now owns 10,624 shares of the company’s stock worth $803,000 after acquiring an additional 2,678 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in Palantir Technologies by 12.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 70,205 shares of the company’s stock valued at $5,310,000 after purchasing an additional 7,962 shares during the last quarter. Franklin Resources Inc. grew its stake in Palantir Technologies by 402.9% during the 4th quarter. Franklin Resources Inc. now owns 863,257 shares of the company’s stock valued at $65,288,000 after purchasing an additional 691,604 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Palantir Technologies by 23.6% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 63,750 shares of the company’s stock worth $4,821,000 after purchasing an additional 12,153 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLTR has been the topic of several research reports. Citigroup increased their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $95.00 in a research 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, March 13th. Finally, Mizuho boosted their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.45.

Palantir Technologies Stock Down 1.7 %

Palantir Technologies stock opened at $84.40 on Tuesday. The company has a fifty day simple moving average of $92.23 and a 200-day simple moving average of $69.88. The firm has a market capitalization of $197.95 billion, a price-to-earnings ratio of 444.23, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now owns 170,273 shares in the company, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,379,785 shares of company stock valued at $281,528,938. Corporate insiders own 12.93% of the company’s stock.

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.