Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 517,573 shares of the company’s stock after selling 16,016 shares during the quarter. Palantir Technologies accounts for about 4.3% of CapWealth Advisors LLC’s holdings, making the stock its 3rd biggest holding. CapWealth Advisors LLC’s holdings in Palantir Technologies were worth $39,144,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. R Squared Ltd acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $33,000. Elevation Wealth Partners LLC boosted its holdings in shares of Palantir Technologies by 64.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 511 shares of the company’s stock valued at $39,000 after buying an additional 200 shares in the last quarter. Finally, Valley National Advisers Inc. grew 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 valued at $38,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 38,093 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $405,296,576.58. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,346,976 shares of company stock valued at $642,660,729. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 1.1 %

PLTR opened at $119.16 on Friday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $120.67. The firm has a market cap of $271.45 billion, a P/E ratio of 627.19, a PEG ratio of 11.44 and a beta of 2.81. The business’s fifty day simple moving average is $81.90 and its 200 day simple moving average is $56.35.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. UBS Group upped their target price on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Robert W. Baird raised their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Six research 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $69.44.

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.