Lbp Am Sa Sells 616,476 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Lbp Am Sa trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 89.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,574 shares of the company’s stock after selling 616,476 shares during the period. Lbp Am Sa’s holdings in Palantir Technologies were worth $5,338,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Westover Capital Advisors LLC boosted its holdings in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after purchasing an additional 130 shares during the period. Tritonpoint Wealth LLC lifted its holdings in shares of Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock worth $537,000 after acquiring an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its holdings in shares of Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock worth $493,000 after acquiring an additional 139 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Palantir Technologies by 1.2% during the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after acquiring an additional 142 shares during the last quarter. Finally, RKL Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 2.7% during the 4th quarter. RKL Wealth Management LLC now owns 5,689 shares of the company’s stock worth $430,000 after acquiring an additional 150 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $48,988. The trade was a 99.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated 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 directly owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,069,785 shares of company stock valued at $254,537,238. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 8.3 %

PLTR stock opened at $86.24 on Friday. The firm’s 50-day moving average price is $87.83 and its two-hundred day moving average price is $64.98. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The stock has a market capitalization of $202.26 billion, a price-to-earnings ratio of 453.92, a PEG ratio of 10.84 and a beta of 2.81.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. UBS Group lifted their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Mizuho lifted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, Northland Securities lifted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $74.45.

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.