Intrepid Financial Planning Group LLC Buys 7,575 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Intrepid Financial Planning Group LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 28.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,215 shares of the company’s stock after acquiring an additional 7,575 shares during the period. Palantir Technologies accounts for about 1.1% of Intrepid Financial Planning Group LLC’s investment portfolio, making the stock its 24th largest position. Intrepid Financial Planning Group LLC’s holdings in Palantir Technologies were worth $2,588,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Westover Capital Advisors LLC raised its stake in shares of Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after acquiring an additional 130 shares in the last quarter. Tritonpoint Wealth LLC raised 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 acquiring an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC raised its stake in shares of Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after acquiring an additional 139 shares in the last quarter. Truvestments Capital LLC grew its holdings in Palantir Technologies by 1.2% in the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock valued at $931,000 after buying an additional 142 shares during the last quarter. Finally, RKL Wealth Management LLC grew its holdings in Palantir Technologies by 2.7% in the 4th quarter. RKL Wealth Management LLC now owns 5,689 shares of the company’s stock valued at $430,000 after buying an additional 150 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PLTR. Cantor Fitzgerald raised their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. William Blair set a $84.00 target price on Palantir Technologies in a report on Wednesday, March 5th. DA Davidson raised their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Northland Securities raised their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average target price of $74.45.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the transaction, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the sale, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,069,785 shares of company stock worth $254,537,238. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $86.24 on Friday. The stock’s fifty day simple moving average is $87.83 and its 200 day simple moving average is $65.22. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market cap of $202.26 billion, a price-to-earnings ratio of 453.92, a P/E/G ratio of 10.84 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.