Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after acquiring an additional 4,127,306 shares during the last quarter. Norges Bank acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $1,360,191,000. FMR LLC grew its stake in Palantir Technologies by 22.6% during the fourth quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after buying an additional 2,818,090 shares during the period. Invesco Ltd. raised its stake in shares of Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Palantir Technologies by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company's stock worth $986,431,000 after purchasing an additional 655,815 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction 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 owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the completion of the sale, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. This trade represents a 19.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock valued at $253,328,090 over the last quarter. Insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. DA Davidson dropped their target price on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Mizuho raised their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Finally, Loop Capital reaffirmed a "buy" rating on shares of Palantir Technologies in a research report on Friday, April 4th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $74.71.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $1.87 during midday trading on Monday, hitting $114.65. The company's stock had a trading volume of 110,621,801 shares, compared to its average volume of 74,345,005. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41. The firm's fifty day moving average price is $89.34 and its 200-day moving average price is $77.35. The firm has a market cap of $268.90 billion, a P/E ratio of 603.45, a P/E/G ratio of 10.84 and a beta of 2.74.

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.