5,020 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Clarity Wealth Advisors LLC

Clarity Wealth Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, Holdings Channel.com reports. The firm acquired 5,020 shares of the company’s stock, valued at approximately $380,000.

Several other large investors have also made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $3,233,000. State of Alaska Department of Revenue lifted its position in shares of Palantir Technologies by 22.9% in the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after acquiring an additional 68,945 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Palantir Technologies by 19.2% in the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock worth $20,146,000 after acquiring an additional 87,062 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $110.85 on Friday. The company has a market cap of $252.52 billion, a PE ratio of 583.45, a P/E/G ratio of 11.44 and a beta of 2.81. The business has a 50-day simple moving average of $76.46 and a 200-day simple moving average of $52.67. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $116.30.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a research report on Tuesday. Citigroup raised their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday. Royal Bank of Canada upped their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday. Finally, Wedbush lifted their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.44.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. This represents a 41.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents 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 ninety days. 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.