Mission Wealth Management LP Has $796,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Mission Wealth Management LP increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,528 shares of the company’s stock after purchasing an additional 1,270 shares during the period. Mission Wealth Management LP’s holdings in Palantir Technologies were worth $796,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC increased its stake in shares of Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC boosted its stake in Palantir Technologies by 2.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after buying an additional 139 shares in the last quarter. Kennebec Savings Bank grew its position in Palantir Technologies by 29.5% in the fourth quarter. Kennebec Savings Bank now owns 698 shares of the company’s stock valued at $53,000 after acquiring an additional 159 shares during the last quarter. HighMark Wealth Management LLC raised 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 acquiring an additional 166 shares in the last quarter. Finally, RMR Wealth Builders lifted its holdings in shares of Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock worth $545,000 after acquiring an additional 167 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 416,053 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $74.17, for a total value of $30,858,651.01. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $43,908.64. The trade was a 99.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the completion of the transaction, the director now owns 100,923 shares in the company, valued at approximately $7,748,867.94. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,439,783 shares of company stock worth $107,497,043. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $84.40 on Wednesday. The company has a market capitalization of $192.26 billion, a price-to-earnings ratio of 444.23, a P/E/G ratio of 10.84 and a beta of 2.81. The business’s 50-day moving average is $87.18 and its 200-day moving average is $62.60. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Citigroup upped their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Royal Bank of Canada upped their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Mizuho boosted their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $74.79.

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.