Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Defender Capital LLC.

Defender Capital LLC. cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 526,741 shares of the company's stock after selling 132,628 shares during the period. Palantir Technologies makes up 14.6% of Defender Capital LLC.'s investment portfolio, making the stock its 2nd largest position. Defender Capital LLC.'s holdings in Palantir Technologies were worth $39,837,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the period. Diversify Wealth Management LLC acquired a new position in Palantir Technologies in the fourth quarter worth $876,000. State of Alaska Department of Revenue boosted its holdings in shares of Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company's stock valued at $13,786,000 after acquiring an additional 68,945 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of Palantir Technologies by 19.2% during the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company's stock valued at $20,146,000 after acquiring an additional 87,062 shares during the period. Finally, Tyler Stone Wealth Management boosted its holdings in shares of Palantir Technologies by 97.9% during the third quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company's stock valued at $7,515,000 after acquiring an additional 99,921 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total value of $406,646.46. Following the transaction, the director now owns 130,250 shares of the company's stock, valued at approximately $6,576,322.50. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,181,807 shares of company stock valued at $1,288,448,522 over the last 90 days. 12.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLTR. Wedbush upped their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Bank of America boosted their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research report on Friday, January 17th. They issued a "neutral" rating and a $72.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $60.00 price target on shares of Palantir Technologies in a research report on Monday, January 6th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.61.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $1.65 during trading hours on Thursday, hitting $81.41. The stock had a trading volume of 33,864,072 shares, compared to its average volume of 67,469,656. The company has a market capitalization of $185.45 billion, a P/E ratio of 406.67, a P/E/G ratio of 7.08 and a beta of 2.82. The firm's 50-day moving average price is $72.94 and its two-hundred day moving average price is $50.10. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to analysts' expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm's quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. As a group, analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

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.