SP Asset Management LLC Has $200,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

SP Asset Management LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 60.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the company’s stock after selling 4,040 shares during the period. SP Asset Management LLC’s holdings in Palantir Technologies were worth $200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Roxbury Financial LLC bought a new stake in Palantir Technologies in the 4th quarter worth about $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its stake 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. HighMark Wealth Management LLC lifted its stake in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $31,000. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the transaction, the insider now owns 702,786 shares in the company, valued at $64,958,509.98. The trade was a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,439,783 shares of company stock valued at $107,497,043. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PLTR. William Blair raised shares of Palantir Technologies from an “underperform” rating to a “market perform” rating in a report on Wednesday. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Finally, Robert W. Baird lifted their price target 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. Five 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.79.

Palantir Technologies Stock Up 6.8 %

PLTR opened at $90.13 on Thursday. The firm has a market cap of $211.39 billion, a P/E ratio of 474.39, 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. The business’s fifty day simple moving average is $87.34 and its 200 day simple moving average is $62.79.

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.