4,754 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,754 shares of the company’s stock, valued at approximately $360,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Summit Securities Group LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $34,000. Arrowstreet Capital Limited Partnership bought a new position in Palantir Technologies in the 4th quarter worth about $240,236,000. MV Capital Management Inc. increased its position in shares of Palantir Technologies by 43.1% during the fourth quarter. MV Capital Management Inc. now owns 1,304 shares of the company’s stock worth $99,000 after acquiring an additional 393 shares during the period. Allianz SE bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $486,000. Finally, Tucker Asset Management LLC boosted its holdings in shares of Palantir Technologies by 572.3% in the fourth quarter. Tucker Asset Management LLC now owns 4,619 shares of the company’s stock valued at $349,000 after purchasing an additional 3,932 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. This represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,379,785 shares of company stock valued at $281,528,938 in the last three months. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $84.68 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41. The company has a market cap of $198.60 billion, a PE ratio of 445.71, a P/E/G ratio of 10.84 and a beta of 2.81. The business has a 50-day simple moving average of $92.47 and a two-hundred day simple moving average of $70.22.

Analyst Ratings Changes

A number of brokerages have weighed in on PLTR. Baird R W raised Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. DA Davidson lifted their price objective on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Robert W. Baird increased their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” 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. Finally, Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $75.19.

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.