Platform Technology Partners Has $407,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Platform Technology Partners lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,377 shares of the company’s stock after selling 223 shares during the period. Platform Technology Partners’ holdings in Palantir Technologies were worth $407,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Palantir Technologies by 60.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after buying an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in Palantir Technologies during the fourth quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $3,233,000. State of Alaska Department of Revenue raised its position in shares of Palantir Technologies by 22.9% in the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after purchasing an additional 68,945 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Palantir Technologies by 19.2% in the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock worth $20,146,000 after buying an additional 87,062 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 0.4 %

NASDAQ PLTR opened at $110.85 on Friday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $116.30. The company has a market capitalization of $252.52 billion, a price-to-earnings ratio of 554.28, a PEG ratio of 7.54 and a beta of 2.81. The stock’s 50 day moving average is $76.46 and its two-hundred day moving average is $52.67.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wedbush raised their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Cantor Fitzgerald raised their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday. Finally, Citigroup upped their price target on Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $69.44.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 1,823,602 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $406,004,124.96. This trade represents a 22.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders sold 15,656,687 shares of company stock worth $1,040,105,687 in the last 90 days. 12.93% of the stock is owned by company insiders.

About Palantir Technologies

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.