Stephens Inc. AR Decreases Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Stephens Inc. AR cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 406,446 shares of the company’s stock after selling 118,709 shares during the period. Stephens Inc. AR’s holdings in Palantir Technologies were worth $30,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its position in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the period. R Squared Ltd purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $33,000. Valley National Advisers Inc. raised its position in Palantir Technologies by 181.3% during the fourth quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after purchasing an additional 330 shares during the period. Finally, Concord Wealth Partners raised its position in Palantir Technologies by 132.2% during the fourth quarter. Concord Wealth Partners now owns 527 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 1,823,602 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $406,004,124.96. This represents a 22.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of the stock in a transaction 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 sale, the director now owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,656,687 shares of company stock valued at $1,040,105,687. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Down 0.4 %

Shares of NASDAQ PLTR opened at $110.85 on Friday. The stock has a market capitalization of $252.52 billion, a PE ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The stock’s fifty day simple moving average is $77.34 and its two-hundred day simple moving average is $53.42. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $116.30.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. Cantor Fitzgerald upped their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. DA Davidson increased their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Mizuho increased their price target on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. The Goldman Sachs Group increased their price target on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $69.44.

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.