Financial Sense Advisors Inc. Grows Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Financial Sense Advisors Inc. boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 30.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,200 shares of the company’s stock after buying an additional 8,700 shares during the quarter. Palantir Technologies accounts for approximately 0.9% of Financial Sense Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Financial Sense Advisors Inc.’s holdings in Palantir Technologies were worth $2,813,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PLTR. Mather Group LLC. grew its position in shares of 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 buying an additional 448 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Palantir Technologies by 60.5% during the third 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 last quarter. Diversify Wealth Management LLC acquired a new stake in Palantir Technologies in the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $3,233,000. Finally, State of Alaska Department of Revenue grew its stake in Palantir Technologies by 22.9% during the 3rd 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 during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $112.06 on Thursday. The business has a 50-day simple moving average of $84.70 and a 200-day simple moving average of $58.51. The company has a market cap of $255.27 billion, a PE ratio of 589.82, a P/E/G ratio of 12.25 and a beta of 2.81. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction dated 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 completion of the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 1,620,395 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $406,583,028.18. This represents a 20.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,301,387 shares of company stock worth $575,821,045 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PLTR. Mizuho raised their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Northland Securities increased their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $69.44.

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.