Warren Street Wealth Advisors LLC Makes New $365,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Warren Street Wealth Advisors LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,832 shares of the company’s stock, valued at approximately $365,000.

A number of other hedge funds also recently made changes to their positions in the business. Mather Group LLC. increased its position in Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after acquiring an additional 448 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after acquiring an additional 4,667,955 shares during the period. Diversify Wealth Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth $876,000. Destiny Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $3,233,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after purchasing an additional 68,945 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $66.77, for a total value of $650,740.42. Following the transaction, the director now owns 111,644 shares in the company, valued at $7,454,469.88. This represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 1,007,496 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $63.96, for a total transaction of $64,439,444.16. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $411,407,221.68. This represents a 13.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,833,085 shares of company stock worth $924,999,929. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $117.39 on Thursday. The company has a 50-day moving average of $79.17 and a two-hundred day moving average of $54.84. The stock has a market cap of $267.42 billion, a price-to-earnings ratio of 617.87, a PEG 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 $118.66.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLTR. Bank of America increased their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Robert W. Baird increased their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Royal Bank of Canada raised their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Citigroup upped their target price on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group lifted 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 investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.44.

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.