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

Jump Financial LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 98.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,429 shares of the company's stock after selling 617,195 shares during the period. Jump Financial LLC's holdings in Palantir Technologies were worth $940,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the 4th quarter worth $28,000. Wolff Wiese Magana LLC boosted its holdings in shares of 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 purchasing an additional 265 shares during the period. HighMark Wealth Management LLC boosted its position in shares of 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 buying an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLTR. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. Citigroup increased their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Finally, Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $74.71.

Palantir Technologies Stock Up 7.4 %

NASDAQ:PLTR traded up $6.97 during trading hours on Wednesday, hitting $100.96. 112,369,656 shares of the company's stock traded hands, compared to its average volume of 73,298,667. The firm has a market cap of $236.78 billion, a P/E ratio of 531.37, a P/E/G ratio of 10.84 and a beta of 2.74. The business's fifty day simple moving average is $90.17 and its two-hundred day simple moving average is $75.74. Palantir Technologies Inc. has a 52 week low of $20.50 and a 52 week high of $125.41.

Insiders Place Their Bets

In related news, insider Heather A. Planishek sold 13,891 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 in the last quarter. Corporate insiders own 12.93% of the company's stock.

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.