Quotient Wealth Partners LLC Raises Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Quotient Wealth Partners LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.0% in the 4th quarter, HoldingsChannel reports. The firm owned 12,223 shares of the company’s stock after purchasing an additional 804 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Palantir Technologies were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Northwest Investment Counselors LLC purchased a new position in Palantir Technologies in the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC boosted its holdings in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the period. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC raised its position in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 5,250,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now owns 752,786 shares in the company, valued at $52,755,242.88. This represents a 87.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. The trade was a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,656,687 shares of company stock worth $1,040,105,687 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLTR. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Northland Securities boosted their target price 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. Citigroup increased their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. UBS Group lifted their price target on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.44.

Palantir Technologies Trading Down 0.4 %

NASDAQ PLTR opened at $110.85 on Friday. The stock has a market capitalization of $252.52 billion, a price-to-earnings ratio of 583.45, a PEG ratio of 11.44 and a beta of 2.81. The business’s 50 day moving average is $77.34 and its two-hundred day moving average is $53.24. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $116.30.

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.