Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 903,028 shares of the company’s stock after selling 39,500 shares during the period. Palantir Technologies comprises 6.4% of Connors Investor Services Inc.’s holdings, making the stock its biggest holding. Connors Investor Services Inc.’s holdings in Palantir Technologies were worth $68,296,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $28,000. Wolff Wiese Magana LLC grew its position in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. HighMark Wealth Management LLC lifted its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new position in Palantir Technologies during the fourth quarter valued at about $31,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the 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 directly owns 184,617 shares of the company’s stock, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now directly owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,989,975 shares of company stock valued at $253,328,090. 12.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PLTR shares. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Morgan Stanley decreased their price target on Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. UBS Group lifted their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Cantor Fitzgerald upped their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Mizuho upped their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $74.71.

Palantir Technologies Trading Up 1.2 %

NASDAQ:PLTR opened at $116.08 on Wednesday. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $125.41. The firm has a fifty day simple moving average of $89.59 and a two-hundred day simple moving average of $78.11. The stock has a market capitalization of $272.25 billion, a price-to-earnings ratio of 610.98, a PEG ratio of 10.84 and a beta of 2.74.

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.