Dimensional Fund Advisors LP Sells 119,131 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Dimensional Fund Advisors LP lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,396,003 shares of the company's stock after selling 119,131 shares during the quarter. Dimensional Fund Advisors LP owned about 0.15% of Palantir Technologies worth $256,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC increased its stake in 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 acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its position in Palantir Technologies by 73.5% during 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 in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Up 3.0 %

Shares of PLTR stock traded up $3.24 during trading hours on Friday, hitting $111.02. 66,858,925 shares of the company's stock traded hands, compared to its average volume of 102,160,523. The stock has a market cap of $260.38 billion, a price-to-earnings ratio of 584.84, a PEG ratio of 10.84 and a beta of 2.74. The stock's fifty day simple moving average is $89.58 and its two-hundred day simple moving average is $76.39. Palantir Technologies Inc. has a 12-month low of $20.50 and a 12-month high of $125.41.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PLTR shares. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. UBS Group increased their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Finally, Mizuho raised their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $74.71.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, 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 three months, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. 12.93% of the stock is currently owned by corporate insiders.

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.