Investment House LLC Cuts Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Investment House LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 67.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,259 shares of the company’s stock after selling 8,720 shares during the quarter. Investment House LLC’s holdings in Palantir Technologies were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Mather Group LLC. lifted its stake in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after acquiring an additional 448 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Palantir Technologies by 60.5% during 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 position in Palantir Technologies during the fourth quarter valued at approximately $876,000. Destiny Wealth Partners LLC purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $3,233,000. Finally, Coldstream Capital Management Inc. bought a new stake in Palantir Technologies in the 3rd quarter worth approximately $639,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $86.10 on Thursday. The company has a market cap of $201.94 billion, a P/E ratio of 453.18, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm’s fifty day moving average is $88.70 and its two-hundred day moving average is $66.37.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of research reports. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Jefferies Financial Group raised their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. DA Davidson upped their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Loop Capital dropped their price objective on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada upped their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Five 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.45.

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.