97,682 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Spahn Wealth & Retirement LLC

Spahn Wealth & Retirement LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 97,682 shares of the company’s stock, valued at approximately $7,388,000. Palantir Technologies comprises about 4.8% of Spahn Wealth & Retirement LLC’s portfolio, making the stock its 6th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Glenmede Trust Co. NA lifted its holdings in Palantir Technologies by 87.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 21,558 shares of the company’s stock valued at $802,000 after purchasing an additional 10,040 shares in the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Palantir Technologies in the third quarter valued at about $3,207,000. Paloma Partners Management Co lifted its stake in shares of Palantir Technologies by 1,035.0% in the third quarter. Paloma Partners Management Co now owns 19,124 shares of the company’s stock worth $711,000 after buying an additional 17,439 shares in the last quarter. Janus Henderson Group PLC boosted its position in Palantir Technologies by 170.0% during the third quarter. Janus Henderson Group PLC now owns 373,534 shares of the company’s stock worth $13,897,000 after acquiring an additional 235,168 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Palantir Technologies during the 3rd quarter valued at about $280,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $87.45 on Thursday. The company has a market cap of $205.10 billion, a price-to-earnings ratio of 460.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The stock’s 50-day moving average is $92.68 and its two-hundred day moving average is $70.34. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41.

Insider Transactions at Palantir Technologies

In other Palantir Technologies 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 value of $8,129,055.60. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the sale, the director now directly owns 88,129 shares of the company’s stock, valued at $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent research reports. Mizuho boosted their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Citigroup boosted their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Royal Bank of Canada upped their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $75.19.

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.