Palantir Technologies Inc. (NASDAQ:PLTR) Holdings Trimmed by Waterloo Capital L.P.

Waterloo Capital L.P. cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,219 shares of the company’s stock after selling 1,359 shares during the quarter. Waterloo Capital L.P.’s holdings in Palantir Technologies were worth $1,605,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Heritage Wealth Management Inc. CA lifted its stake in Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after purchasing an additional 111 shares during the last quarter. Westover Capital Advisors LLC lifted its position in shares of Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after acquiring an additional 130 shares during the last quarter. Tritonpoint Wealth LLC boosted its stake in shares of Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock worth $537,000 after acquiring an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its holdings in shares of Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the last quarter. Finally, Truvestments Capital LLC grew its holdings in shares of Palantir Technologies by 1.2% in the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the sale, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,993,175 shares of company stock worth $253,549,610 in the last 90 days. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $74.01 on Monday. The company has a market capitalization of $173.58 billion, a P/E ratio of 389.55, a P/E/G ratio of 10.84 and a beta of 2.74. The stock’s 50 day moving average price is $92.67 and its 200 day moving average price is $71.18. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Citigroup raised their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. DA Davidson boosted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Robert W. Baird raised their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Loop Capital reiterated a “buy” rating on shares of Palantir Technologies in a research report on Friday. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $75.19.

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.