Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 834 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,995 shares of the company’s stock after selling 834 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Palantir Technologies were worth $907,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Crestwood Advisors Group LLC acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at about $203,000. Avidian Wealth Enterprises LLC bought a new position in shares of Palantir Technologies during the third quarter worth about $469,000. Graypoint LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at approximately $268,000. Principal Financial Group Inc. lifted its stake in Palantir Technologies by 226.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company’s stock valued at $105,636,000 after acquiring an additional 1,969,213 shares in the last quarter. Finally, Keudell Morrison Wealth Management acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $204,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of PLTR opened at $85.07 on Friday. The company’s 50-day moving average is $87.31 and its 200-day moving average is $62.91. The firm has a market capitalization of $199.51 billion, a PE ratio of 447.74, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

Insider Activity at Palantir Technologies

In other Palantir Technologies 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 transaction, the insider now owns 592 shares in the company, valued at $42,002.40. This trade represents a 99.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were 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 approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,435,838 shares of company stock worth $107,260,889. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Northland Securities increased their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Mizuho lifted their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird increased their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $74.79.

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.