Lane Generational LLC decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,441 shares of the company's stock after selling 30,518 shares during the period. Palantir Technologies accounts for 11.4% of Lane Generational LLC's portfolio, making the stock its largest position. Lane Generational LLC's holdings in Palantir Technologies were worth $11,680,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. Prestige Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 650 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC lifted its position in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Finally, HighMark Wealth Management LLC boosted its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.
In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. The trade was a 3.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the sale, the insider now directly owns 702,786 shares of the company's stock, valued at $64,958,509.98. The trade was a 4.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 985,838 shares of company stock worth $75,333,389. 12.93% of the stock is owned by insiders.
Shares of Palantir Technologies stock traded up $5.60 on Wednesday, reaching $83.65. 115,973,380 shares of the company were exchanged, compared to its average volume of 64,399,242. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm has a market cap of $196.19 billion, a price-to-earnings ratio of 440.29, a P/E/G ratio of 10.84 and a beta of 2.81. The company's 50-day moving average is $87.46 and its two-hundred day moving average is $64.35.
A number of research analysts have recently commented on the stock. Citigroup boosted their target price on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Royal Bank of Canada upped their price objective on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. DA Davidson lifted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Mizuho increased their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, Wedbush restated an "outperform" rating and set a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $75.25.
Read Our Latest Report on PLTR
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.
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