MGO One Seven LLC Cuts Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

MGO One Seven LLC reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,619 shares of the company's stock after selling 3,780 shares during the period. MGO One Seven LLC's holdings in Palantir Technologies were worth $3,072,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $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 worth $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 $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $48,988. This represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 13,891 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock worth $253,328,090 over the last 90 days. Corporate insiders own 12.93% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PLTR. Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Wedbush reissued an "outperform" rating and set a $120.00 target price on shares of Palantir Technologies in a research note on Monday, March 3rd. Loop Capital reiterated a "buy" rating on shares of Palantir Technologies in a report on Friday, April 4th. Finally, Citigroup increased their price objective on Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $74.71.

Palantir Technologies Trading Up 7.4 %

Shares of NASDAQ:PLTR opened at $100.96 on Thursday. The business's 50 day moving average is $89.81 and its 200-day moving average is $75.91. The firm has a market capitalization of $236.78 billion, a PE ratio of 531.37, a PEG ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41.

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.

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