Benjamin Edwards Inc. Sells 41,651 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Benjamin Edwards Inc. decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 244,547 shares of the company's stock after selling 41,651 shares during the quarter. Benjamin Edwards Inc.'s holdings in Palantir Technologies were worth $18,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PLTR. BNP Paribas increased its position in shares of Palantir Technologies by 10.5% in the fourth quarter. BNP Paribas now owns 6,770 shares of the company's stock worth $515,000 after acquiring an additional 643 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Palantir Technologies by 4.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,481,386 shares of the company's stock worth $187,666,000 after purchasing an additional 107,159 shares during the period. Aptus Capital Advisors LLC grew its position in Palantir Technologies by 256.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 47,736 shares of the company's stock worth $3,610,000 after purchasing an additional 34,344 shares in the last quarter. AXA S.A. raised its stake in Palantir Technologies by 428.5% during the 4th quarter. AXA S.A. now owns 478,677 shares of the company's stock valued at $36,202,000 after purchasing an additional 388,107 shares during the period. Finally, AlTi Global Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $2,097,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Company insiders own 12.93% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PLTR. Bank of America increased their price objective on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Mizuho increased their target price 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. Finally, Morgan Stanley dropped their price target on shares of Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus price target of $74.71.

Palantir Technologies Trading Down 0.4 %

PLTR traded down $0.51 during trading on Monday, hitting $123.77. The stock had a trading volume of 131,708,548 shares, compared to its average volume of 75,692,512. The firm has a market cap of $290.28 billion, a PE ratio of 651.46, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $129.86. The company has a 50 day simple moving average of $91.86 and a 200-day simple moving average of $80.55.

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.