Oxford Wealth Group LLC Sells 996 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Oxford Wealth Group LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,212 shares of the company’s stock after selling 996 shares during the period. Oxford Wealth Group LLC’s holdings in Palantir Technologies were worth $697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC grew its stake 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 valued at $29,000 after acquiring an additional 265 shares during the period. HighMark Wealth Management LLC increased its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 3.5 %

Shares of PLTR opened at $93.99 on Wednesday. The firm has a fifty day moving average price of $90.17 and a 200-day moving average price of $75.74. The firm has a market capitalization of $220.44 billion, a P/E ratio of 494.71, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12-month low of $20.50 and a 12-month high of $125.41.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research note on Monday, March 3rd. Robert W. Baird raised their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada raised their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, Mizuho boosted their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.71.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 18,537 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the transaction, the insider now owns 493,469 shares of the company’s stock, valued at approximately $50,491,748.08. This represents a 3.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated 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 of the company’s stock, valued at $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock worth $253,328,090 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

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.