Garden State Investment Advisory Services LLC Sells 11,566 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Garden State Investment Advisory Services LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,421 shares of the company's stock after selling 11,566 shares during the quarter. Palantir Technologies comprises 0.8% of Garden State Investment Advisory Services LLC's investment portfolio, making the stock its 28th largest holding. Garden State Investment Advisory Services LLC's holdings in Palantir Technologies were worth $2,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PLTR. Roxbury Financial LLC bought a new stake in Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC lifted its stake 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 buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 73.5% during the 4th 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 Palantir Technologies in the 4th quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PLTR shares. Northland Securities raised their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. Mizuho raised their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Finally, DA Davidson cut their target price on Palantir Technologies from $105.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $74.71.

Palantir Technologies Trading Up 1.2 %

Shares of Palantir Technologies stock traded up $1.07 during trading on Friday, reaching $93.78. The stock had a trading volume of 83,698,348 shares, compared to its average volume of 72,859,837. The company has a market capitalization of $219.95 billion, a price-to-earnings ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 52 week low of $20.36 and a 52 week high of $125.41. The stock has a fifty day moving average price of $91.18 and a two-hundred day moving average price of $75.01.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, 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 transaction of $103,437,500.00. Following the sale, the insider now directly owns 592 shares of the company's stock, valued at approximately $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 is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, April 3rd. The shares were 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 directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,989,975 shares of company stock worth $253,328,090. Corporate insiders own 12.93% of the company's stock.

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.