Gilder Gagnon Howe & Co. LLC Has $56.78 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Gilder Gagnon Howe & Co. LLC trimmed its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 750,730 shares of the company’s stock after selling 120,414 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Palantir Technologies were worth $56,778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank bought a new position in Palantir Technologies during the fourth quarter worth $28,000. Wolff Wiese Magana LLC grew 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 worth $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC increased 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 purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research reports. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Bank of America lifted their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Daiwa America upgraded shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. UBS Group raised their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Cantor Fitzgerald boosted their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $74.71.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was 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. The trade was a 1.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,989,975 shares of company stock worth $253,328,090. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $112.78 on Friday. The firm has a 50 day simple moving average of $89.34 and a two-hundred day simple moving average of $76.88. The stock has a market cap of $264.51 billion, a PE ratio of 593.61, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a one year low of $20.50 and a one year high of $125.41.

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.