Game Plan Financial Advisors LLC Purchases 408 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Game Plan Financial Advisors LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 16,848 shares of the company’s stock after acquiring an additional 408 shares during the period. Game Plan Financial Advisors LLC’s holdings in Palantir Technologies were worth $1,286,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Tritonpoint Wealth LLC lifted its position 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 worth $537,000 after buying an additional 132 shares in the last quarter. Kennebec Savings Bank boosted its position in Palantir Technologies by 29.5% in the fourth quarter. Kennebec Savings Bank now owns 698 shares of the company’s stock worth $53,000 after purchasing an additional 159 shares during the last quarter. RMR Wealth Builders boosted its position in Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock worth $545,000 after purchasing an additional 167 shares during the last quarter. Bay Rivers Group grew its stake in Palantir Technologies by 2.7% in the 4th quarter. Bay Rivers Group now owns 6,406 shares of the company’s stock valued at $484,000 after purchasing an additional 171 shares during the period. Finally, Christensen King & Associates Investment Services Inc. raised its stake in shares of Palantir Technologies by 3.0% during the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company’s stock worth $486,000 after purchasing an additional 174 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

PLTR opened at $119.16 on Friday. The firm has a market capitalization of $271.45 billion, a P/E ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $120.67. The company has a fifty day moving average price of $81.90 and a 200-day moving average price of $56.56.

Insider Buying and Selling

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 38,093 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $405,296,576.58. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,346,976 shares of company stock worth $642,660,729 over the last ninety days. 12.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Mizuho increased their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. UBS Group upped their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their target price on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group upped their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.44.

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.