Atria Wealth Solutions Inc. Buys 5,619 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Atria Wealth Solutions Inc. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,907 shares of the company’s stock after buying an additional 5,619 shares during the period. Atria Wealth Solutions Inc.’s holdings in Palantir Technologies were worth $18,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC raised its stake in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $28,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 38,093 shares of the company’s 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 sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $405,296,576.58. This trade represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,339,480 shares of company stock worth $578,221,285. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PLTR shares. UBS Group raised their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Wedbush boosted their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird increased their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $69.44.

Palantir Technologies Stock Up 1.1 %

Shares of NASDAQ:PLTR opened at $119.16 on Tuesday. The company has a market cap of $271.45 billion, a price-to-earnings ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $120.67. The firm’s 50-day simple moving average is $82.84 and its 200-day simple moving average is $57.43.

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.