Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Dimension Capital Management LLC

Dimension Capital Management LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 71.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,711 shares of the company's stock after selling 19,606 shares during the quarter. Dimension Capital Management LLC's holdings in Palantir Technologies were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Roxbury Financial LLC purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $28,000. Wolff Wiese Magana LLC grew its position in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC increased its stake in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $31,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley lifted their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday. DA Davidson boosted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday. Loop Capital increased their price target on shares of Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Finally, William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average target price of $83.70.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $110.43 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $20.50 and a fifty-two week high of $125.41. The company has a 50 day simple moving average of $92.85 and a two-hundred day simple moving average of $80.95. The company has a market capitalization of $259.00 billion, a PE ratio of 581.24, a P/E/G ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Heather A. Planishek sold 18,537 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the sale, the insider now owns 493,469 shares of the company's stock, valued at approximately $50,491,748.08. This represents a 3.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,978,181 shares of company stock worth $252,115,667 in the last quarter. Insiders own 12.93% of the company's stock.

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.

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