Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Heritage Wealth Management Inc. CA

Heritage Wealth Management Inc. CA increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,024 shares of the company’s stock after buying an additional 111 shares during the quarter. Palantir Technologies comprises approximately 1.6% of Heritage Wealth Management Inc. CA’s portfolio, making the stock its 13th largest position. Heritage Wealth Management Inc. CA’s holdings in Palantir Technologies were worth $2,195,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC increased its position in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its position in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the period. Finally, HighMark Wealth Management LLC lifted its stake in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now directly owns 184,617 shares in the company, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 310,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $51,545.44. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,379,785 shares of company stock worth $281,528,938. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PLTR shares. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Mizuho upped their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Northland Securities raised their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $74.45.

Palantir Technologies Price Performance

Shares of PLTR opened at $96.75 on Tuesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The stock has a market cap of $226.91 billion, a PE ratio of 509.24, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The firm has a fifty day moving average price of $90.19 and a 200 day moving average price of $67.91.

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.