Key Financial Inc Sells 5,777 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Key Financial Inc trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 21.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,486 shares of the company’s stock after selling 5,777 shares during the quarter. Key Financial Inc’s holdings in Palantir Technologies were worth $1,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HighMark Wealth Management LLC raised its stake in 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 purchasing an additional 166 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Palantir Technologies by 2.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 241,907 shares of the company’s stock valued at $18,295,000 after buying an additional 5,619 shares in the last quarter. Centerpoint Advisors LLC lifted its holdings in shares of Palantir Technologies by 22.5% during the 4th quarter. Centerpoint Advisors LLC now owns 2,725 shares of the company’s stock worth $206,000 after acquiring an additional 500 shares during the last quarter. Venturi Wealth Management LLC grew its position in Palantir Technologies by 23.0% in the fourth quarter. Venturi Wealth Management LLC now owns 20,666 shares of the company’s stock worth $1,563,000 after acquiring an additional 3,867 shares in the last quarter. Finally, Fortis Group Advisors LLC increased its stake in Palantir Technologies by 1.9% in the fourth quarter. Fortis Group Advisors LLC now owns 51,897 shares of the company’s stock valued at $3,925,000 after acquiring an additional 985 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Northland Securities lifted their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Robert W. Baird raised their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, DA Davidson upped their price target on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $69.44.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 1,620,395 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $406,583,028.18. This represents a 20.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the sale, the insider now owns 752,786 shares in the company, valued at approximately $52,755,242.88. The trade was a 87.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,339,480 shares of company stock valued at $578,221,285 over the last 90 days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $119.16 on Tuesday. The stock has a market cap of $271.45 billion, a price-to-earnings ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81. The firm’s fifty day moving average is $82.84 and its 200 day moving average is $57.43. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $120.67.

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.