Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,421 shares of the company’s stock after selling 11,566 shares during the quarter. Palantir Technologies comprises approximately 0.8% of Garden State Investment Advisory Services LLC’s portfolio, making the stock its 28th biggest holding. Garden State Investment Advisory Services LLC’s holdings in Palantir Technologies were worth $2,755,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC increased its position in shares of Palantir Technologies by 230.4% in the fourth 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 boosted its position in shares of 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 buying an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $98.40 on Wednesday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The stock has a 50-day simple moving average of $92.38 and a 200-day simple moving average of $73.83. The stock has a market capitalization of $230.78 billion, a P/E ratio of 517.92, a PEG ratio of 10.84 and a beta of 2.74.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now owns 88,129 shares in the company, valued at $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. The trade was a 99.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last ninety days. 12.93% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent research reports. Citigroup upped their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Mizuho upped their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Bank of America raised their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada upped 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. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $74.95.

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.