Sagespring Wealth Partners LLC Invests $1.34 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Sagespring Wealth Partners LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,649 shares of the company’s stock, valued at approximately $1,335,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. increased its holdings in shares of Palantir Technologies by 700.0% during the third quarter. Sunbelt Securities Inc. now owns 1,960 shares of the company’s stock worth $73,000 after purchasing an additional 1,715 shares during the period. M&T Bank Corp increased its stake in Palantir Technologies by 37.0% during the 3rd quarter. M&T Bank Corp now owns 170,043 shares of the company’s stock worth $6,326,000 after acquiring an additional 45,965 shares during the period. World Investment Advisors LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at $347,000. Wilmington Savings Fund Society FSB lifted its position in shares of Palantir Technologies by 48.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company’s stock valued at $652,000 after acquiring an additional 5,747 shares during the period. Finally, Synovus Financial Corp grew its holdings in shares of Palantir Technologies by 85.9% during the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company’s stock worth $666,000 after purchasing an additional 8,270 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Loop Capital reaffirmed a “buy” rating on shares of Palantir Technologies in a report on Friday, April 4th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Robert W. Baird upped their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Citigroup lifted their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $75.19.

Palantir Technologies Stock Down 0.0 %

Shares of NASDAQ:PLTR opened at $88.55 on Monday. The firm has a market cap of $207.68 billion, a P/E ratio of 466.08, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The business has a fifty day simple moving average of $92.81 and a 200 day simple moving average of $73.27.

Insider Activity

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now owns 184,617 shares of the company’s stock, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,989,975 shares of company stock valued at $253,328,090. Company insiders own 12.93% of the company’s stock.

Palantir Technologies 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.