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

Spahn Wealth & Retirement LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 97,682 shares of the company’s stock, valued at approximately $7,388,000. Palantir Technologies comprises 4.8% of Spahn Wealth & Retirement LLC’s investment portfolio, making the stock its 6th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its position in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 448 shares during the period. Diversify Wealth Management LLC acquired a new position in Palantir Technologies during the fourth quarter worth $876,000. Destiny Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $3,233,000. Coldstream Capital Management Inc. purchased a new stake in Palantir Technologies during the third quarter worth $639,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth $11,769,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Mizuho increased their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Finally, Bank of America boosted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.19.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $87.45 on Thursday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company’s 50 day moving average price is $92.68 and its 200 day moving average price is $70.34. The firm has a market capitalization of $205.10 billion, a price-to-earnings ratio of 460.29, a PEG ratio of 10.84 and a beta of 2.81.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This trade represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,993,175 shares of company stock valued at $253,549,610 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

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.