Greenwich Wealth Management LLC Sells 1,573 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Greenwich Wealth Management LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 214,223 shares of the company’s stock after selling 1,573 shares during the quarter. Palantir Technologies comprises 1.1% of Greenwich Wealth Management LLC’s holdings, making the stock its 11th largest position. Greenwich Wealth Management LLC’s holdings in Palantir Technologies were worth $16,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Mather Group LLC. lifted its position in Palantir Technologies by 101.4% in the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $460,798,000 after purchasing an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $876,000. Destiny Wealth Partners LLC bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $3,233,000. Finally, Coldstream Capital Management Inc. bought a new stake in Palantir Technologies in the third quarter valued at approximately $639,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $50,497.60. The trade was a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,069,785 shares of company stock valued at $254,537,238. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 8.3 %

Palantir Technologies stock opened at $86.24 on Friday. The business’s fifty day simple moving average is $87.83 and its two-hundred day simple moving average is $65.22. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The company has a market capitalization of $202.26 billion, a price-to-earnings ratio of 453.92, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. Royal Bank of Canada boosted 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. Mizuho boosted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Loop Capital reduced their target price on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.45.

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.