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

Bristlecone Advisors LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 33.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,937 shares of the company’s stock after selling 60,520 shares during the quarter. Bristlecone Advisors LLC’s holdings in Palantir Technologies were worth $8,995,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at about $25,000. Prestige Wealth Management Group LLC lifted its position in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC grew its holdings in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the period. Finally, R Squared Ltd purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the completion of the transaction, the director now owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 38,093 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total value of $2,400,239.93. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $405,296,576.58. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,656,687 shares of company stock valued at $1,040,105,687 in the last three months. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Robert W. Baird raised their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Citigroup upped 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. UBS Group lifted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada increased their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.44.

Palantir Technologies Stock Down 0.4 %

PLTR stock opened at $110.85 on Monday. The company has a 50 day moving average of $77.34 and a two-hundred day moving average of $53.60. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $116.30. The company has a market cap of $252.52 billion, a price-to-earnings ratio of 583.45, a PEG ratio of 11.44 and a beta of 2.81.

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.