Beacon Capital Management LLC Lowers Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Beacon Capital Management LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,520 shares of the company’s stock after selling 314 shares during the quarter. Beacon Capital Management LLC’s holdings in Palantir Technologies were worth $115,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth about $25,000. Prestige Wealth Management Group LLC increased its position in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $28,000. Finally, Wolff Wiese Magana LLC boosted its position 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 worth $29,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLTR. Citigroup boosted their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. DA Davidson increased their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. 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. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $69.44.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the transaction, the insider now owns 752,786 shares of the company’s stock, valued at approximately $50,128,019.74. This trade represents a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 1,007,496 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $63.96, for a total value of $64,439,444.16. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $411,407,221.68. The trade was a 13.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,346,976 shares of company stock worth $642,660,729 over the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $119.16 on Friday. The stock’s 50-day simple moving average is $81.90 and its 200-day simple moving average is $56.56. The firm has a market capitalization of $271.45 billion, a PE ratio of 627.19, a price-to-earnings-growth ratio of 11.44 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 $120.67.

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.