M Holdings Securities Inc. Sells 20,808 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

M Holdings Securities Inc. lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 93.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,519 shares of the company's stock after selling 20,808 shares during the quarter. M Holdings Securities Inc.'s holdings in Palantir Technologies were worth $115,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Guardian Partners Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $2,212,000. Fortis Capital Management LLC lifted its position in Palantir Technologies by 38.5% in the 4th quarter. Fortis Capital Management LLC now owns 12,773 shares of the company's stock valued at $966,000 after purchasing an additional 3,551 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $52,033,000. AXQ Capital LP acquired a new position in Palantir Technologies during the 4th quarter worth $353,000. Finally, Marietta Investment Partners LLC grew its position in Palantir Technologies by 83.8% in the 4th quarter. Marietta Investment Partners LLC now owns 76,847 shares of the company's stock valued at $5,812,000 after buying an additional 35,039 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group boosted their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Wedbush restated an "outperform" rating and issued a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Northland Securities lifted their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird boosted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.45.

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Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now directly owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were 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 in the company, valued at $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,379,785 shares of company stock worth $281,528,938 over the last ninety days. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 4.4 %

PLTR stock traded down $4.22 during midday trading on Wednesday, hitting $92.28. 81,394,443 shares of the company traded hands, compared to its average volume of 66,559,435. The business has a 50 day simple moving average of $91.28 and a 200-day simple moving average of $68.54. The stock has a market capitalization of $216.43 billion, a price-to-earnings ratio of 485.71, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41.

Palantir Technologies Company 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.