Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Reduced by Faithward Advisors LLC

Faithward Advisors LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,977 shares of the company's stock after selling 18,510 shares during the quarter. Palantir Technologies makes up approximately 2.1% of Faithward Advisors LLC's holdings, making the stock its 10th biggest position. Faithward Advisors LLC's holdings in Palantir Technologies were worth $12,553,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Prestige Wealth Management Group LLC lifted its position in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after buying an additional 650 shares in the last quarter. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its position in shares of Palantir Technologies by 230.4% in 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 during the period. Finally, HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% in 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.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Cantor Fitzgerald increased their price target on Palantir Technologies from $72.00 to $98.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price for the company. Wedbush reissued an "outperform" rating and issued a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. DA Davidson upped their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $75.19.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares of the company's stock, valued at $15,993,370.71. The trade was a 3.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock worth $253,328,090 over the last 90 days. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 0.0 %

NASDAQ:PLTR traded down $0.04 during mid-day trading on Friday, hitting $88.55. 94,976,307 shares of the stock traded hands, compared to its average volume of 71,346,431. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The stock has a market capitalization of $207.68 billion, a price-to-earnings ratio of 466.08, a PEG ratio of 10.84 and a beta of 2.74. The firm's 50 day moving average is $92.81 and its two-hundred day moving average is $73.02.

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.