Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 49.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,140 shares of the company’s stock after selling 14,821 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Palantir Technologies were worth $1,145,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. R Squared Ltd acquired a new position in Palantir Technologies during the 4th quarter worth $33,000. Valley National Advisers Inc. increased its position in shares of Palantir Technologies by 181.3% in the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock worth $38,000 after purchasing an additional 330 shares during the last quarter. Finally, Concord Wealth Partners raised its stake in shares of Palantir Technologies by 132.2% in the 4th quarter. Concord Wealth Partners now owns 527 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 38,093 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total value of $2,400,239.93. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $405,296,576.58. This represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. 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. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $110.85 on Friday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $116.30. The stock’s fifty day moving average is $77.34 and its 200-day moving average is $53.24. The firm has a market capitalization of $252.52 billion, a price-to-earnings ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Analysts Set New Price Targets

Several brokerages recently weighed in on PLTR. Royal Bank of Canada boosted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Wedbush boosted their price target on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. UBS Group boosted their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.