Parcion Private Wealth LLC Sells 230 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Parcion Private Wealth LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,572 shares of the company’s stock after selling 230 shares during the period. Parcion Private Wealth LLC’s holdings in Palantir Technologies were worth $1,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Roxbury Financial LLC bought a new position in Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC raised its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at $31,000. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on PLTR shares. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Northland Securities lifted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.44.

Insider Activity

In other news, insider Alexander C. Karp sold 1,620,395 shares of Palantir Technologies stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $406,583,028.18. The trade was a 20.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction dated 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 directly owns 752,786 shares in the company, valued at $52,755,242.88. The trade was a 87.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,301,387 shares of company stock valued at $575,821,045. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 10.1 %

PLTR stock opened at $112.06 on Thursday. The firm’s 50-day moving average price is $84.70 and its two-hundred day moving average price is $58.51. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The stock has a market capitalization of $255.27 billion, a price-to-earnings ratio of 589.82, a PEG ratio of 12.81 and a beta of 2.81.

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.