Virtus ETF Advisers LLC Sells 6,990 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Virtus ETF Advisers LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,585 shares of the company's stock after selling 6,990 shares during the period. Palantir Technologies makes up approximately 0.8% of Virtus ETF Advisers LLC's holdings, making the stock its 3rd largest position. Virtus ETF Advisers LLC's holdings in Palantir Technologies were worth $1,935,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PLTR. Coldstream Capital Management Inc. increased its holdings in shares of Palantir Technologies by 105.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 35,321 shares of the company's stock worth $2,671,000 after purchasing an additional 18,134 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Palantir Technologies by 5.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 104,775 shares of the company's stock worth $7,924,000 after purchasing an additional 5,763 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Palantir Technologies by 3.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 140,785 shares of the company's stock worth $10,648,000 after purchasing an additional 4,231 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Palantir Technologies by 233.9% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 400,262 shares of the company's stock worth $30,372,000 after purchasing an additional 280,371 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in shares of Palantir Technologies by 3.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,916,500 shares of the company's stock worth $144,945,000 after purchasing an additional 58,300 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLTR. Morgan Stanley decreased their price target on Palantir Technologies from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Jefferies Financial Group upped their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. UBS Group upped their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Mizuho upped their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Finally, William Blair set a $84.00 price objective on Palantir Technologies in a research report on Wednesday, March 5th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.71.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the sale, the director now owns 88,129 shares in the company, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,989,975 shares of company stock worth $253,328,090. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 1.7 %

Shares of Palantir Technologies stock traded up $1.87 during mid-day trading on Monday, hitting $114.65. The stock had a trading volume of 110,621,801 shares, compared to its average volume of 74,345,005. The firm has a 50-day moving average of $89.34 and a two-hundred day moving average of $77.35. Palantir Technologies Inc. has a 12-month low of $20.50 and a 12-month high of $125.41. The firm has a market cap of $268.90 billion, a P/E ratio of 603.45, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

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.