Rathbones Group PLC Cuts Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Rathbones Group PLC lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,060 shares of the company's stock after selling 42,444 shares during the period. Rathbones Group PLC's holdings in Palantir Technologies were worth $9,610,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Twin Capital Management Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter worth about $3,219,000. Invesco Ltd. increased 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 valued at $1,115,409,000 after purchasing an additional 3,509,311 shares in the last quarter. Certior Financial Group LLC purchased a new position in Palantir Technologies in the fourth quarter worth about $534,000. Cerity Partners LLC lifted its stake in shares of Palantir Technologies by 15.3% in the fourth quarter. Cerity Partners LLC now owns 630,088 shares of the company's stock worth $47,654,000 after buying an additional 83,757 shares in the last quarter. Finally, Trek Financial LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $1,285,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Down 1.2 %

NASDAQ PLTR traded down $1.10 on Friday, reaching $87.49. 62,535,826 shares of the stock were exchanged, compared to its average volume of 71,054,204. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market capitalization of $205.20 billion, a PE ratio of 458.89, a PEG ratio of 10.84 and a beta of 2.74. The company's 50-day simple moving average is $93.12 and its two-hundred day simple moving average is $72.66.

Insider Transactions at Palantir Technologies

In other news, 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 value of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares of the company's stock, valued at $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now directly owns 592 shares in the company, valued at $48,988. This trade represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,989,975 shares of company stock valued at $253,328,090 over the last three months. Corporate insiders own 12.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PLTR shares. Loop Capital restated a "buy" rating on shares of Palantir Technologies in a report on Friday, April 4th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Royal Bank of Canada increased their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Mizuho boosted their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Finally, Wedbush reaffirmed an "outperform" rating and set a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus price target of $75.19.

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.