Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Foundation Wealth Management LLC

Foundation Wealth Management LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,520 shares of the company’s stock after selling 1,000 shares during the period. Foundation Wealth Management LLC’s holdings in Palantir Technologies were worth $342,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC lifted its position in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies during the fourth quarter worth $28,000. Wolff Wiese Magana LLC increased its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC raised its stake in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLTR. Loop Capital began coverage on Palantir Technologies in a research note on Thursday, February 20th. They set a “buy” rating and a $141.00 target price for the company. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Citigroup boosted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.79.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $80.46 on Friday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm has a 50 day simple moving average of $87.31 and a 200-day simple moving average of $62.91. The firm has a market cap of $188.71 billion, a PE ratio of 423.50, a P/E/G ratio of 10.84 and a beta of 2.81.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the sale, the insider now owns 702,786 shares of the company’s stock, valued at approximately $64,958,509.98. The trade was a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,429,062 shares of company stock valued at $106,673,884. Insiders own 12.93% of the company’s stock.

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.