Gilder Gagnon Howe & Co. LLC Sells 120,414 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Gilder Gagnon Howe & Co. LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 750,730 shares of the company's stock after selling 120,414 shares during the period. Gilder Gagnon Howe & Co. LLC's holdings in Palantir Technologies were worth $56,778,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PLTR. Heritage Wealth Management Inc. CA raised its holdings in Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after buying an additional 111 shares during the last quarter. Westover Capital Advisors LLC increased its holdings in Palantir Technologies by 1.8% during the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock worth $554,000 after purchasing an additional 130 shares in the last quarter. Tritonpoint Wealth LLC raised its stake in shares of Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its holdings in shares of Palantir Technologies by 2.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after purchasing an additional 139 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of Palantir Technologies by 1.2% during the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company's stock valued at $931,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. This trade represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last quarter. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Down 1.0 %

Shares of NASDAQ PLTR traded down $1.18 on Wednesday, reaching $114.90. 59,763,614 shares of the company's stock traded hands, compared to its average volume of 74,495,719. The business's 50 day simple moving average is $89.59 and its two-hundred day simple moving average is $78.11. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $125.41. The company has a market cap of $269.48 billion, a price-to-earnings ratio of 604.77, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLTR shares. Bank of America lifted their price objective 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. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Wedbush reiterated an "outperform" rating and issued a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. UBS Group boosted their target price on Palantir Technologies from $80.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Cantor Fitzgerald lifted their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average price target of $74.71.

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.