Global Strategic Investment Solutions LLC Has $1.53 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Global Strategic Investment Solutions LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,159 shares of the company’s stock after selling 2,249 shares during the period. Global Strategic Investment Solutions LLC’s holdings in Palantir Technologies were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. US Bancorp DE increased its holdings in Palantir Technologies by 8.9% in the 3rd quarter. US Bancorp DE now owns 210,853 shares of the company’s stock worth $7,844,000 after purchasing an additional 17,284 shares in the last quarter. Focus Financial Network Inc. acquired a new position in Palantir Technologies in the 3rd quarter worth about $268,000. Farther Finance Advisors LLC increased its holdings in Palantir Technologies by 13.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock worth $476,000 after purchasing an additional 1,514 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Palantir Technologies by 26.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,273 shares of the company’s stock worth $568,000 after purchasing an additional 3,185 shares in the last quarter. Finally, Optas LLC acquired a new position in Palantir Technologies in the 3rd quarter worth about $312,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the transaction, the director now owns 100,923 shares in the company, valued at $7,748,867.94. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $42,002.40. This represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,439,783 shares of company stock worth $107,497,043. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $83.42 on Tuesday. The business’s 50 day simple moving average is $87.14 and its two-hundred day simple moving average is $62.23. The firm has a market cap of $190.03 billion, a P/E ratio of 439.08, a PEG ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $20.33 and a 52-week high of $125.41.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PLTR. The Goldman Sachs Group increased their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. UBS Group increased their price target on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. DA Davidson increased their price target on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.79.

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.