Caz Investments LP Reduces Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Caz Investments LP trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 92.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500 shares of the company's stock after selling 6,500 shares during the quarter. Palantir Technologies makes up about 0.1% of Caz Investments LP's holdings, making the stock its 27th biggest position. Caz Investments LP's holdings in Palantir Technologies were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Prestige Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after acquiring an additional 650 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the period. Finally, HighMark Wealth Management LLC boosted its stake in shares of 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 period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

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Palantir Technologies Price Performance

Palantir Technologies stock traded down $2.15 during trading hours on Monday, reaching $83.70. The stock had a trading volume of 91,651,339 shares, compared to its average volume of 68,085,199. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The company has a fifty day simple moving average of $91.98 and a 200-day simple moving average of $69.53. The stock has a market cap of $196.30 billion, a PE ratio of 440.24, a PEG ratio of 10.84 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the business's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock worth $281,528,938 over the last 90 days. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the subject of several research reports. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. DA Davidson boosted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Wedbush reissued an "outperform" rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $74.45.

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.