JPL Wealth Management LLC Makes New $542,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

JPL Wealth Management LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 7,164 shares of the company’s stock, valued at approximately $542,000.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Palantir Technologies by 96.4% during the third quarter. State Street Corp now owns 82,512,440 shares of the company’s stock valued at $3,069,463,000 after buying an additional 40,498,024 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock valued at $1,777,568,000 after buying an additional 16,598,253 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Palantir Technologies by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company’s stock valued at $986,431,000 after buying an additional 655,815 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Palantir Technologies by 10.9% during the fourth quarter. Bank of New York Mellon Corp now owns 12,843,672 shares of the company’s stock valued at $971,367,000 after buying an additional 1,262,479 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Palantir Technologies by 8.8% during the third quarter. FMR LLC now owns 12,478,281 shares of the company’s stock valued at $464,192,000 after buying an additional 1,004,603 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Mizuho boosted their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Bank of America boosted their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Royal Bank of Canada boosted their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Finally, Loop Capital began coverage on shares of Palantir Technologies in a research report on Thursday, February 20th. They issued a “buy” rating and a $141.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.25.

Palantir Technologies Trading Up 7.2 %

PLTR stock opened at $83.65 on Thursday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The company has a fifty day simple moving average of $87.62 and a 200 day simple moving average of $64.49. The firm has a market cap of $196.19 billion, a PE ratio of 440.29, a PEG ratio of 10.84 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction 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. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 985,838 shares of company stock valued at $75,333,389. 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.