OLD Point Trust & Financial Services N A lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,579 shares of the company's stock after selling 14,020 shares during the period. Palantir Technologies accounts for about 3.1% of OLD Point Trust & Financial Services N A's investment portfolio, making the stock its 6th biggest holding. OLD Point Trust & Financial Services N A's holdings in Palantir Technologies were worth $8,968,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Prestige Wealth Management Group LLC raised its holdings in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Roxbury Financial LLC bought a new stake in Palantir Technologies during the fourth quarter worth approximately $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its holdings in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC raised its holdings in 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 purchasing an additional 166 shares in the last quarter. Institutional investors own 45.65% of the company's stock.
Palantir Technologies Price Performance
NASDAQ PLTR traded up $3.57 on Friday, hitting $90.96. 116,457,235 shares of the stock were exchanged, compared to its average volume of 66,074,501. The company's 50-day moving average price is $89.55 and its two-hundred day moving average price is $67.44. The company has a market capitalization of $213.33 billion, a price-to-earnings ratio of 478.76, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.
Insider Buying and Selling at Palantir Technologies
In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now directly owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,379,785 shares of company stock valued at $281,528,938 in the last quarter. Company insiders own 12.93% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on PLTR shares. Cantor Fitzgerald boosted their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. DA Davidson lifted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Finally, Morgan Stanley upgraded shares of Palantir Technologies from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $60.00 to $95.00 in a research report on Tuesday, February 4th. Five investment 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, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $74.45.
Check Out Our Latest Report on Palantir Technologies
About Palantir Technologies
(
Free Report)
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.
See Also
Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
