Vontobel Holding Ltd. Sells 92,371 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Vontobel Holding Ltd. cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 45.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,419 shares of the company’s stock after selling 92,371 shares during the period. Vontobel Holding Ltd.’s holdings in Palantir Technologies were worth $8,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PLTR. Good Life Advisors LLC raised its stake in shares of Palantir Technologies by 7.3% in the third quarter. Good Life Advisors LLC now owns 14,683 shares of the company’s stock worth $546,000 after acquiring an additional 997 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Palantir Technologies by 99.5% in the third quarter. Global Retirement Partners LLC now owns 34,804 shares of the company’s stock worth $1,295,000 after acquiring an additional 17,357 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Palantir Technologies by 10.9% in the third quarter. Bleakley Financial Group LLC now owns 47,395 shares of the company’s stock worth $1,763,000 after acquiring an additional 4,664 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of Palantir Technologies by 371.6% during the third quarter. AlphaMark Advisors LLC now owns 3,985 shares of the company’s stock worth $148,000 after buying an additional 3,140 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Palantir Technologies by 28.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 219,051 shares of the company’s stock worth $8,149,000 after buying an additional 49,084 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Up 1.1 %

Palantir Technologies stock opened at $119.16 on Friday. The stock has a market capitalization of $271.45 billion, a PE ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $120.67. The company has a 50 day moving average of $81.90 and a 200-day moving average of $56.56.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. Bank of America boosted their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. Mizuho boosted their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, DA Davidson boosted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $69.44.

Insider Activity

In other news, insider Heather A. Planishek sold 13,891 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the sale, the insider now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,346,976 shares of company stock worth $642,660,729 over the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies 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.