Tyler Stone Wealth Management Sells 14,738 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Tyler Stone Wealth Management decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 187,268 shares of the company’s stock after selling 14,738 shares during the quarter. Palantir Technologies comprises 2.5% of Tyler Stone Wealth Management’s portfolio, making the stock its 6th largest position. Tyler Stone Wealth Management’s holdings in Palantir Technologies were worth $14,163,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Mather Group LLC. raised its holdings in Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the period. Diversify Wealth Management LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $3,233,000. Coldstream Capital Management Inc. purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $639,000. Finally, Boston Family Office LLC raised its stake in shares of Palantir Technologies by 48.0% during the third quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock valued at $1,376,000 after purchasing an additional 12,000 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock valued at $281,528,938 over the last quarter. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PLTR. Loop Capital reduced their price target on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Northland Securities raised their price target 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. Finally, Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $74.45.

Palantir Technologies Trading Down 0.2 %

Shares of NASDAQ:PLTR opened at $96.51 on Wednesday. The company has a 50 day moving average of $90.80 and a 200-day moving average of $68.37. The firm has a market cap of $226.35 billion, a P/E ratio of 507.97, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41.

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.