Private Wealth Management Group LLC Sells 4,729 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Private Wealth Management Group LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,933 shares of the company’s stock after selling 4,729 shares during the period. Palantir Technologies accounts for approximately 2.3% of Private Wealth Management Group LLC’s holdings, making the stock its 15th largest position. Private Wealth Management Group LLC’s holdings in Palantir Technologies were worth $5,894,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PLTR. Czech National Bank bought a new position in shares of Palantir Technologies in the third quarter worth approximately $15,261,000. GAMMA Investing LLC lifted its stake in shares of Palantir Technologies by 83.9% during the 3rd quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock valued at $213,000 after buying an additional 2,607 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new position in Palantir Technologies in the 3rd quarter worth $209,000. Diversified Trust Co increased its stake in Palantir Technologies by 172.7% in the 3rd quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock worth $802,000 after buying an additional 13,652 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in Palantir Technologies by 8.6% during the third quarter. Miracle Mile Advisors LLC now owns 16,308 shares of the company’s stock valued at $607,000 after acquiring an additional 1,298 shares during the period. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PLTR shares. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Royal Bank of Canada upped 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. Mizuho lifted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday. DA Davidson upped their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, UBS Group raised their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $69.44.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now owns 752,786 shares in the company, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 1,823,602 shares of Palantir Technologies stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $63.12, for a total value of $115,105,758.24. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $406,004,124.96. This trade represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,653,753 shares of company stock valued at $1,039,407,675 in the last ninety days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Down 2.4 %

Shares of PLTR opened at $101.36 on Thursday. The business has a fifty day moving average of $75.56 and a 200 day moving average of $52.26. The company has a market cap of $230.90 billion, a PE ratio of 506.83, a P/E/G ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $19.76 and a 52-week high of $106.91.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

About Palantir Technologies

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.