Palantir Technologies Inc. (NASDAQ:PLTR) Position Lowered by NTV Asset Management LLC

NTV Asset Management LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,563 shares of the company’s stock after selling 5,105 shares during the quarter. Palantir Technologies makes up 1.7% of NTV Asset Management LLC’s portfolio, making the stock its 10th biggest holding. NTV Asset Management LLC’s holdings in Palantir Technologies were worth $12,824,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PLTR. Global Retirement Partners LLC lifted its holdings in Palantir Technologies by 99.5% in the third quarter. Global Retirement Partners LLC now owns 34,804 shares of the company’s stock valued at $1,295,000 after acquiring an additional 17,357 shares during the period. Bleakley Financial Group LLC lifted its holdings in Palantir Technologies by 10.9% in the third quarter. Bleakley Financial Group LLC now owns 47,395 shares of the company’s stock valued at $1,763,000 after acquiring an additional 4,664 shares during the period. V Square Quantitative Management LLC bought a new position in Palantir Technologies in the third quarter valued at about $265,000. Aaron Wealth Advisors LLC bought a new position in Palantir Technologies in the third quarter valued at about $312,000. Finally, Stratos Wealth Partners LTD. lifted its holdings in Palantir Technologies by 15.2% in the third quarter. Stratos Wealth Partners LTD. now owns 170,499 shares of the company’s stock valued at $6,343,000 after acquiring an additional 22,543 shares during the period. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLTR. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Wedbush raised their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group raised their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $69.44.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $119.16 on Monday. The stock has a market capitalization of $271.45 billion, a PE ratio of 627.19, a P/E/G ratio of 11.44 and a beta of 2.81. The business has a 50 day simple moving average of $81.90 and a two-hundred day simple moving average of $56.77. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $120.67.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $66.77, for a total value of $650,740.42. Following the transaction, the director now owns 111,644 shares of the company’s stock, valued at $7,454,469.88. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,339,480 shares of company stock worth $578,221,285 in the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies 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.