OneAscent Wealth Management LLC Sells 4,062 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

OneAscent Wealth Management LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 38.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,618 shares of the company's stock after selling 4,062 shares during the period. OneAscent Wealth Management LLC's holdings in Palantir Technologies were worth $501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Heritage Wealth Management Inc. CA lifted its position in shares of Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after buying an additional 111 shares in the last quarter. Westover Capital Advisors LLC increased its stake in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock worth $554,000 after acquiring an additional 130 shares during the last quarter. Tritonpoint Wealth LLC raised its holdings in shares of Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after acquiring an additional 132 shares in the last quarter. Twin Peaks Wealth Advisors LLC boosted its position in shares of Palantir Technologies by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after acquiring an additional 139 shares during the last quarter. Finally, Truvestments Capital LLC grew its holdings in shares of Palantir Technologies by 1.2% in the fourth quarter. Truvestments Capital LLC now owns 12,311 shares of the company's stock valued at $931,000 after purchasing an additional 142 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research note on Tuesday, February 4th. Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Citigroup upped their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Finally, DA Davidson lifted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus target price of $74.45.

Palantir Technologies Trading Down 1.5 %

Shares of NASDAQ PLTR traded down $1.30 during trading hours on Monday, reaching $84.55. The stock had a trading volume of 95,222,646 shares, compared to its average volume of 68,106,845. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41. The firm has a market cap of $198.30 billion, a price-to-earnings ratio of 439.91, a P/E/G ratio of 10.84 and a beta of 2.81. The business's fifty day moving average price is $91.98 and its two-hundred day moving average price is $69.53.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the transaction, the insider now directly owns 170,273 shares of the company's stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares of the company's stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,379,785 shares of company stock valued at $281,528,938 in the last ninety days. 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.