Regal Investment Advisors LLC Sells 21,490 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Regal Investment Advisors LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 64.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,648 shares of the company's stock after selling 21,490 shares during the period. Regal Investment Advisors LLC's holdings in Palantir Technologies were worth $881,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Palantir Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Norges Bank acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $1,360,191,000. FMR LLC increased its position in Palantir Technologies by 22.6% in the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock valued at $1,156,864,000 after buying an additional 2,818,090 shares in the last quarter. Invesco Ltd. raised its stake in Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after buying an additional 3,509,311 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Palantir Technologies by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company's stock worth $986,431,000 after acquiring an additional 655,815 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies 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 sale, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 18,537 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the sale, the insider now directly owns 493,469 shares in the company, valued at $50,491,748.08. This represents a 3.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. Company insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLTR. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. UBS Group raised their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Jefferies Financial Group increased their price objective on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada upped their price target on Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Five 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 stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.71.

Palantir Technologies Stock Down 1.6 %

Shares of NASDAQ:PLTR traded down $1.47 during midday trading on Monday, reaching $92.31. 36,957,957 shares of the company traded hands, compared to its average volume of 72,727,299. Palantir Technologies Inc. has a 12 month low of $20.36 and a 12 month high of $125.41. The firm has a market capitalization of $216.50 billion, a price-to-earnings ratio of 485.86, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74. The firm's fifty day moving average price is $91.18 and its two-hundred day moving average price is $75.26.

About Palantir Technologies

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.