Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Asset Dedication LLC

Asset Dedication LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 88.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 570 shares of the company’s stock after selling 4,396 shares during the quarter. Asset Dedication LLC’s holdings in Palantir Technologies were worth $43,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. RMR Wealth Builders boosted its holdings in Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock valued at $545,000 after purchasing an additional 167 shares during the last quarter. Bay Rivers Group boosted its stake in shares of Palantir Technologies by 2.7% during the 4th quarter. Bay Rivers Group now owns 6,406 shares of the company’s stock valued at $484,000 after buying an additional 171 shares during the last quarter. Christensen King & Associates Investment Services Inc. boosted its stake in shares of Palantir Technologies by 3.0% during the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company’s stock valued at $486,000 after buying an additional 174 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Palantir Technologies by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company’s stock worth $1,090,000 after buying an additional 196 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in Palantir Technologies by 4.4% in the fourth quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company’s stock valued at $362,000 after acquiring an additional 200 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total value of $999,200.00. Following the sale, the insider now directly owns 562,006 shares in the company, valued at $28,077,819.76. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the sale, the director now directly owns 130,250 shares of the company’s stock, valued at approximately $6,576,322.50. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,181,807 shares of company stock valued at $1,288,448,522 over the last quarter. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on PLTR shares. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. DA Davidson increased their target price on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Cantor Fitzgerald started coverage on Palantir Technologies in a report on Friday, January 17th. They issued a “neutral” rating and a $72.00 price target for the company. Finally, Mizuho raised their price objective on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $44.61.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $81.22 on Friday. The stock has a market cap of $185.02 billion, a price-to-earnings ratio of 406.12, a PEG ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The business has a fifty day moving average of $72.94 and a 200-day moving average of $50.10.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the prior year, the firm posted $0.03 EPS. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current 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.