Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by LM Advisors LLC

LM Advisors LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 31.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,958 shares of the company’s stock after selling 13,276 shares during the quarter. LM Advisors LLC’s holdings in Palantir Technologies were worth $2,190,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PLTR. Howe & Rusling Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth $435,000. AssuredPartners Investment Advisors LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $896,000. NEOS Investment Management LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $19,524,000. UniSuper Management Pty Ltd lifted its position in shares of Palantir Technologies by 10.0% during the 4th quarter. UniSuper Management Pty Ltd now owns 124,352 shares of the company’s stock valued at $9,405,000 after acquiring an additional 11,352 shares during the period. Finally, Sava Infond d.o.o. purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $189,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 6,776 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now directly owns 184,617 shares in the company, valued at approximately $15,993,370.71. This trade represents a 3.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 310,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.07, for a total value of $26,991,700.00. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $51,545.44. This represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $92.28 on Thursday. The firm has a market capitalization of $216.43 billion, a PE ratio of 485.71, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The business has a 50-day moving average of $91.28 and a two-hundred day moving average of $68.54.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Loop Capital reduced their price objective on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Northland Securities increased their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.45.

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.