Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Jump Financial LLC

Jump Financial LLC decreased its position in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 55.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,181 shares of the company's stock after selling 312,723 shares during the period. Jump Financial LLC's holdings in Palantir Technologies were worth $4,399,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC grew its stake in shares of Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares during the last quarter. Pacifica Partners Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $33,000. Provence Wealth Management Group purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at approximately $34,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in shares of Palantir Technologies in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the transaction, the director now directly owns 191,783 shares of the company's stock, valued at approximately $4,777,314.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Alexandra W. Schiff sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the sale, the director now owns 191,783 shares in the company, valued at $4,777,314.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Thiel sold 7,044,756 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the sale, the director now owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. Insiders sold a total of 18,487,106 shares of company stock valued at $416,394,919 in the last ninety days. Corporate insiders own 13.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Monness Crespi & Hardt upgraded Palantir Technologies from a "sell" rating to a "neutral" rating in a research note on Friday, April 26th. William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday. DA Davidson boosted their target price on shares of Palantir Technologies from $19.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday. Wedbush reiterated an "outperform" rating and issued a $35.00 price target on shares of Palantir Technologies in a report on Monday, May 6th. Finally, Citigroup boosted their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $20.65.

Palantir Technologies Stock Down 2.6 %

Shares of PLTR traded down $0.54 during mid-day trading on Friday, reaching $20.60. 59,845,413 shares of the company's stock were exchanged, compared to its average volume of 50,791,084. The company has a 50-day simple moving average of $23.11 and a two-hundred day simple moving average of $20.39. Palantir Technologies Inc. has a 52-week low of $9.02 and a 52-week high of $27.50. The company has a market cap of $45.58 billion, a price-to-earnings ratio of 171.67, a PEG ratio of 4.96 and a beta of 2.76.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

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