Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Tyler Stone Wealth Management

Tyler Stone Wealth Management trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,268 shares of the company’s stock after selling 14,738 shares during the period. Palantir Technologies makes up 2.5% of Tyler Stone Wealth Management’s investment portfolio, making the stock its 6th largest holding. Tyler Stone Wealth Management’s holdings in Palantir Technologies were worth $14,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arlington Capital Management Inc. purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $496,000. Ausdal Financial Partners Inc. boosted its stake in Palantir Technologies by 3.3% during the 4th quarter. Ausdal Financial Partners Inc. now owns 51,320 shares of the company’s stock worth $3,881,000 after purchasing an additional 1,638 shares during the period. Financial Engines Advisors L.L.C. grew its position in Palantir Technologies by 3.0% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 87,649 shares of the company’s stock worth $6,629,000 after purchasing an additional 2,512 shares during the last quarter. Financial Counselors Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at $338,000. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $1,347,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock valued at $281,528,938 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLTR shares. Royal Bank of Canada boosted their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $60.00 to $95.00 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. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Bank of America raised their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.45.

Palantir Technologies Trading Down 0.2 %

NASDAQ:PLTR opened at $96.51 on Wednesday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a market capitalization of $226.35 billion, a P/E ratio of 507.97, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. The firm has a 50-day moving average price of $90.80 and a two-hundred day moving average price of $68.37.

About Palantir Technologies

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.