Cookson Peirce & Co. Inc. Sells 40,065 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Cookson Peirce & Co. Inc. reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 31.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,482 shares of the company’s stock after selling 40,065 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Palantir Technologies were worth $6,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies during the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC grew its stake in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC increased its holdings in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $84.40 on Wednesday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a market capitalization of $192.26 billion, a PE ratio of 444.23, a P/E/G ratio of 10.84 and a beta of 2.81. The firm’s 50-day moving average price is $87.18 and its 200-day moving average price is $62.60.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 416,053 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $74.17, for a total value of $30,858,651.01. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $43,908.64. This represents a 99.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,439,783 shares of company stock worth $107,497,043. 12.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PLTR shares. Royal Bank of Canada raised their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Bank of America raised their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Finally, DA Davidson boosted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.79.

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.