Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lessened its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,682 shares of the company’s stock after selling 1,819 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Palantir Technologies were worth $581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. First PREMIER Bank purchased a new position in Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC increased its stake in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the period. HighMark Wealth Management LLC raised its position in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $101.33 on Friday. The company’s 50 day simple moving average is $85.87 and its 200-day simple moving average is $59.37. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The firm has a market capitalization of $230.84 billion, a PE ratio of 533.36, a P/E/G ratio of 11.52 and a beta of 2.81.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PLTR shares. 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 note on Thursday, November 7th. Bank of America boosted their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, DA Davidson raised their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.21.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the sale, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,680,992 shares of company stock valued at $473,395,877. 12.93% of the stock is owned by corporate insiders.

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.