Asset Dedication LLC Has $43,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Asset Dedication LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 88.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 570 shares of the company’s stock after selling 4,396 shares during the period. Asset Dedication LLC’s holdings in Palantir Technologies were worth $43,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PLTR. First PREMIER Bank purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC grew 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 in the last quarter. R Squared Ltd acquired a new position in Palantir Technologies in the 4th quarter valued at approximately $33,000. Financial Management Professionals Inc. lifted its position in Palantir Technologies by 171.5% in the 4th quarter. Financial Management Professionals Inc. now owns 543 shares of the company’s stock worth $41,000 after buying an additional 343 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in shares of Palantir Technologies by 313.3% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock valued at $47,000 after buying an additional 470 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on PLTR shares. The Goldman Sachs Group increased their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson lifted their price target on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Bank of America increased their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Robert W. Baird initiated coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price objective on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Friday, January 17th. They issued a “neutral” rating and a $72.00 target price for the company. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.61.

Palantir Technologies Stock Up 1.8 %

PLTR opened at $81.22 on Friday. The stock’s 50 day moving average price is $72.94 and its two-hundred day moving average price is $50.10. The firm has a market capitalization of $185.02 billion, a P/E ratio of 406.12, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $49.96, for a total transaction of $999,200.00. Following the sale, the insider now directly owns 562,006 shares of the company’s stock, valued at $28,077,819.76. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $55.03, for a total value of $247,635,000.00. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $353,967,157.74. This trade represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,181,807 shares of company stock worth $1,288,448,522. 12.93% of the stock is currently owned by company insiders.

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.