Boston Family Office LLC Sells 2,000 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Boston Family Office LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 35,000 shares of the company’s stock after selling 2,000 shares during the period. Boston Family Office LLC’s holdings in Palantir Technologies were worth $2,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PLTR. Townsquare Capital LLC raised its stake in Palantir Technologies by 87.9% during the 3rd quarter. Townsquare Capital LLC now owns 38,006 shares of the company’s stock valued at $1,414,000 after buying an additional 17,775 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Palantir Technologies by 87.2% in the third quarter. Glenmede Trust Co. NA now owns 21,558 shares of the company’s stock worth $802,000 after acquiring an additional 10,040 shares during the period. Public Sector Pension Investment Board purchased a new stake in Palantir Technologies during the third quarter valued at $3,207,000. Hantz Financial Services Inc. lifted its holdings in Palantir Technologies by 37.5% in the third quarter. Hantz Financial Services Inc. now owns 2,585 shares of the company’s stock valued at $96,000 after acquiring an additional 705 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in Palantir Technologies in the third quarter worth about $65,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $84.40 on Tuesday. The firm has a market cap of $197.95 billion, a price-to-earnings ratio of 444.23, a P/E/G ratio of 10.84 and a beta of 2.81. The firm has a fifty day moving average price of $92.23 and a 200 day moving average price of $69.88. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $125.41.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PLTR shares. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. DA Davidson lifted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Northland Securities upped their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Finally, Mizuho boosted their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $74.45.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 483,987 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the sale, the insider now owns 170,273 shares in the company, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock worth $281,528,938 in the last 90 days. 12.93% of the stock is currently owned by corporate 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.