Kingsview Wealth Management LLC Has $3.85 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Kingsview Wealth Management LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,943 shares of the company’s stock after buying an additional 16,257 shares during the period. Kingsview Wealth Management LLC’s holdings in Palantir Technologies were worth $3,853,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Palantir Technologies in the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC grew its position in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the last quarter. First PREMIER Bank bought a new position in shares of Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC lifted its holdings in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Palantir Technologies in the 4th quarter valued at $33,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Robert W. Baird increased their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Northland Securities boosted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Mizuho raised their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $69.44.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $63.10, for a total value of $283,950,000.00. Following the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at $405,875,479.80. This trade represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 0.4 %

NASDAQ PLTR opened at $110.85 on Monday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $116.30. The business’s fifty day moving average is $77.34 and its 200 day moving average is $53.42. The company has a market cap of $252.52 billion, a price-to-earnings ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Palantir Technologies 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.