Arete Wealth Advisors LLC Purchases 1,814 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Arete Wealth Advisors LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,878 shares of the company’s stock after acquiring an additional 1,814 shares during the period. Arete Wealth Advisors LLC’s holdings in Palantir Technologies were worth $3,858,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. World Investment Advisors increased its position in Palantir Technologies by 137.7% during the fourth quarter. World Investment Advisors now owns 22,144 shares of the company’s stock worth $1,675,000 after buying an additional 12,828 shares during the last quarter. Westpac Banking Corp boosted its stake in shares of Palantir Technologies by 337.5% during the 4th quarter. Westpac Banking Corp now owns 32,997 shares of the company’s stock worth $2,496,000 after acquiring an additional 25,454 shares during the period. Nicolet Advisory Services LLC increased its holdings in shares of Palantir Technologies by 29.9% during the 4th quarter. Nicolet Advisory Services LLC now owns 12,648 shares of the company’s stock worth $957,000 after acquiring an additional 2,915 shares during the last quarter. Martin Investment Management LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $230,000. Finally, Creekmur Asset Management LLC lifted its holdings in Palantir Technologies by 583.1% during the 4th quarter. Creekmur Asset Management LLC now owns 7,261 shares of the company’s stock valued at $549,000 after purchasing an additional 6,198 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, the insider now owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 403,171 shares of the company’s stock, valued at approximately $33,382,558.80. The trade was a 19.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,993,175 shares of company stock valued at $253,549,610. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $87.45 on Thursday. The business’s fifty day moving average is $92.68 and its 200-day moving average is $70.34. The firm has a market cap of $205.10 billion, a price-to-earnings ratio of 460.29, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLTR shares. DA Davidson increased their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Citigroup upped their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Cantor Fitzgerald increased their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.