Howard Wealth Management LLC Increases Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Howard Wealth Management LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 33,045 shares of the company’s stock after purchasing an additional 190 shares during the period. Palantir Technologies comprises about 1.4% of Howard Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Howard Wealth Management LLC’s holdings in Palantir Technologies were worth $2,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares in the last quarter. R Squared Ltd purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $33,000. Elevation Wealth Partners LLC lifted its position in shares of Palantir Technologies by 64.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 511 shares of the company’s stock valued at $39,000 after buying an additional 200 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its position in shares of Palantir Technologies by 181.3% during the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 330 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.77, for a total value of $650,740.42. Following the sale, the director now owns 111,644 shares in the company, valued at $7,454,469.88. The trade was a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,346,976 shares of company stock worth $642,660,729. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLTR. Mizuho lifted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Northland Securities lifted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Robert W. Baird boosted their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their price target on Palantir Technologies from $28.00 to $60.00 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 given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.44.

Palantir Technologies Price Performance

Shares of PLTR opened at $119.16 on Friday. The stock has a market capitalization of $271.45 billion, a price-to-earnings ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $120.67. The business’s 50 day simple moving average is $81.90 and its 200-day simple moving average is $56.35.

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.