Connors Investor Services Inc. Has $68.30 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Connors Investor Services Inc. cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 903,028 shares of the company’s stock after selling 39,500 shares during the quarter. Palantir Technologies comprises approximately 6.4% of Connors Investor Services Inc.’s holdings, making the stock its largest holding. Connors Investor Services Inc.’s holdings in Palantir Technologies were worth $68,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Heritage Wealth Management Inc. CA lifted its position in Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after purchasing an additional 111 shares during the period. Westover Capital Advisors LLC lifted its stake in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after buying an additional 130 shares in the last quarter. Tritonpoint Wealth LLC boosted its stake in shares of Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock worth $537,000 after acquiring an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC grew its holdings in shares of Palantir Technologies by 2.2% during the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after buying an additional 139 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in Palantir Technologies by 1.2% during the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after acquiring an additional 142 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now owns 184,617 shares of the company’s stock, valued at $15,993,370.71. This represents a 3.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies 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 directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 1.2 %

PLTR opened at $116.08 on Wednesday. The business’s fifty day simple moving average is $89.59 and its 200 day simple moving average is $78.11. Palantir Technologies Inc. has a 52 week low of $20.50 and a 52 week high of $125.41. The firm has a market cap of $272.25 billion, a P/E ratio of 610.98, a PEG ratio of 10.84 and a beta of 2.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PLTR shares. Robert W. Baird raised their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Mizuho increased their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Morgan Stanley dropped their price target on shares of Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada restated an “underperform” rating and set a $40.00 price target on shares of Palantir Technologies in a report on Tuesday. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $74.71.

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.