Becker Capital Management Inc. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,202 shares of the company's stock after selling 2,249 shares during the quarter. Becker Capital Management Inc.'s holdings in Palantir Technologies were worth $1,074,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in PLTR. Voleon Capital Management LP acquired a new stake in Palantir Technologies in the 4th quarter valued at about $6,086,000. Utah Retirement Systems lifted its position in shares of Palantir Technologies by 0.3% in the fourth quarter. Utah Retirement Systems now owns 333,600 shares of the company's stock valued at $25,230,000 after buying an additional 1,000 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $7,920,000. Owen LaRue LLC boosted its stake in shares of Palantir Technologies by 1.1% during the 4th quarter. Owen LaRue LLC now owns 127,893 shares of the company's stock worth $9,673,000 after acquiring an additional 1,430 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Palantir Technologies by 216.6% during the 4th quarter. AQR Capital Management LLC now owns 1,636,828 shares of the company's stock worth $123,793,000 after acquiring an additional 1,119,795 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.
Insider Activity
In related news, insider Ryan D. Taylor sold 98,177 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the sale, the insider now owns 403,171 shares of the company's stock, valued at $33,382,558.80. The trade was a 19.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares of the company's stock, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,989,975 shares of company stock worth $253,328,090. Insiders own 12.93% of the company's stock.
Palantir Technologies Stock Performance
Shares of PLTR traded up $8.08 during mid-day trading on Friday, reaching $124.28. The company had a trading volume of 102,421,600 shares, compared to its average volume of 75,372,579. The company has a market capitalization of $291.48 billion, a price-to-earnings ratio of 654.14, a P/E/G ratio of 10.84 and a beta of 2.74. The company's 50 day simple moving average is $91.17 and its 200 day simple moving average is $79.46. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41.
Analyst Ratings Changes
A number of research firms have commented on PLTR. 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 research report on Tuesday, February 4th. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price for the company. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird lifted their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus price target of $74.71.
View Our Latest Stock Analysis on PLTR
Palantir Technologies Profile
(
Free Report)
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.
Read More
Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
