CreativeOne Wealth LLC Grows Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

CreativeOne Wealth LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 63.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,902 shares of the company’s stock after purchasing an additional 18,241 shares during the quarter. CreativeOne Wealth LLC’s holdings in Palantir Technologies were worth $3,547,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PLTR. Heritage Wealth Management Inc. CA boosted its stake in Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock worth $2,195,000 after buying an additional 111 shares in the last quarter. Westover Capital Advisors LLC boosted its stake in shares of Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after purchasing an additional 130 shares in the last quarter. Tritonpoint Wealth LLC grew its holdings in shares of Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC raised its position in Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after purchasing an additional 139 shares during the period. Finally, Truvestments Capital LLC lifted its stake in Palantir Technologies by 1.2% in the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after purchasing an additional 142 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLTR. Bank of America raised their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Mizuho lifted their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald increased their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Finally, Citigroup increased their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.95.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the completion of the transaction, the insider now directly owns 403,171 shares in the company, valued at $33,382,558.80. This trade represents a 19.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last three months. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 4.6 %

Shares of PLTR stock opened at $92.62 on Tuesday. The company’s fifty day moving average price is $92.63 and its 200-day moving average price is $73.66. The stock has a market cap of $217.23 billion, a PE ratio of 487.50, a price-to-earnings-growth 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.

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.