Clarity Capital Partners LLC Has $13.93 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Clarity Capital Partners LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,177 shares of the company’s stock after selling 8,144 shares during the period. Palantir Technologies comprises 7.2% of Clarity Capital Partners LLC’s portfolio, making the stock its 2nd largest position. Clarity Capital Partners LLC’s holdings in Palantir Technologies were worth $13,929,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Naples Global Advisors LLC grew its position in shares of Palantir Technologies by 4.6% during the 4th quarter. Naples Global Advisors LLC now owns 12,550 shares of the company’s stock valued at $949,000 after buying an additional 550 shares during the last quarter. Van ECK Associates Corp boosted its stake in Palantir Technologies by 0.7% in the fourth quarter. Van ECK Associates Corp now owns 2,687,863 shares of the company’s stock valued at $203,283,000 after acquiring an additional 18,022 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Palantir Technologies by 46.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,499 shares of the company’s stock valued at $13,421,000 after purchasing an additional 56,299 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of Palantir Technologies by 39.5% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 17,575 shares of the company’s stock worth $1,329,000 after purchasing an additional 4,977 shares during the period. Finally, TFB Advisors LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $250,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the sale, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,833,085 shares of company stock worth $924,999,929 in the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 4.2 %

Shares of Palantir Technologies stock opened at $117.39 on Thursday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $118.66. The company’s 50-day moving average price is $79.17 and its two-hundred day moving average price is $54.84. The stock has a market cap of $267.42 billion, a PE ratio of 617.87, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. Royal Bank of Canada upped their price objective on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Finally, UBS Group lifted their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $69.44.

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.