Fox Hill Wealth Management Sells 1,297 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Fox Hill Wealth Management reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,914 shares of the company’s stock after selling 1,297 shares during the period. Palantir Technologies accounts for about 2.3% of Fox Hill Wealth Management’s investment portfolio, making the stock its 10th largest position. Fox Hill Wealth Management’s holdings in Palantir Technologies were worth $4,153,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. boosted its position in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Palantir Technologies by 60.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after acquiring an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $876,000. Destiny Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $3,233,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Palantir Technologies in the third quarter worth approximately $639,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTR has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Citigroup raised their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. DA Davidson raised their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.45.

Palantir Technologies Trading Down 4.0 %

PLTR stock opened at $83.89 on Wednesday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a market capitalization of $196.75 billion, a P/E ratio of 441.55, a PEG ratio of 10.84 and a beta of 2.81. The firm has a 50 day simple moving average of $88.34 and a 200-day simple moving average of $66.23.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the transaction, the insider now owns 170,273 shares of the company’s stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $48,988. This represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,069,785 shares of company stock valued at $254,537,238. 12.93% of the stock is currently owned by corporate insiders.

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.