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

Sterling Capital Management LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 168,913 shares of the company’s stock after selling 56,878 shares during the quarter. Sterling Capital Management LLC’s holdings in Palantir Technologies were worth $12,775,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Monetary Management Group Inc. purchased a new position in Palantir Technologies during the fourth quarter worth approximately $151,000. Jaffetilchin Investment Partners LLC grew its stake in Palantir Technologies by 6.5% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 34,980 shares of the company’s stock valued at $2,646,000 after acquiring an additional 2,144 shares during the period. Argent Trust Co purchased a new stake in Palantir Technologies in the 4th quarter worth $354,000. First Foundation Advisors acquired a new position in Palantir Technologies during the fourth quarter worth $711,000. Finally, Accredited Investors Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of several research analyst reports. UBS Group upped their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price for the company. Royal Bank of Canada lifted 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. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $60.00 to $95.00 in a research note on Tuesday, February 4th. Finally, Mizuho lifted their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $75.19.

Palantir Technologies Stock Down 3.7 %

Shares of Palantir Technologies stock opened at $88.59 on Friday. The firm has a market cap of $207.78 billion, a PE ratio of 466.29, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The business’s fifty day simple moving average is $93.12 and its 200-day simple moving average is $72.66.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on 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 completion of the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Company 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.