Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Primoris Wealth Advisors LLC

Primoris Wealth Advisors LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,550 shares of the company’s stock after selling 2,200 shares during the quarter. Palantir Technologies comprises about 2.7% of Primoris Wealth Advisors LLC’s holdings, making the stock its 12th largest position. Primoris Wealth Advisors LLC’s holdings in Palantir Technologies were worth $3,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Virtus Wealth Solutions LLC purchased a new position in Palantir Technologies during the fourth quarter worth approximately $19,243,000. Sagespring Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter valued at $1,335,000. Townsquare Capital LLC boosted its holdings in Palantir Technologies by 29.3% in the fourth quarter. Townsquare Capital LLC now owns 49,157 shares of the company’s stock valued at $3,718,000 after acquiring an additional 11,151 shares during the last quarter. Legacy Investment Solutions LLC grew its position in Palantir Technologies by 48.2% during the fourth quarter. Legacy Investment Solutions LLC now owns 741 shares of the company’s stock valued at $56,000 after acquiring an additional 241 shares during the period. Finally, Philadelphia Trust Co. increased its stake in Palantir Technologies by 23.1% during the fourth quarter. Philadelphia Trust Co. now owns 12,000 shares of the company’s stock worth $908,000 after acquiring an additional 2,250 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $88.55 on Friday. The firm has a market capitalization of $207.68 billion, a P/E ratio of 466.08, a P/E/G ratio of 10.84 and a beta of 2.74. The business has a 50 day simple moving average of $92.81 and a 200 day simple moving average of $73.02. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,989,975 shares of company stock worth $253,328,090. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research reports. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Royal Bank of Canada raised their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Citigroup increased their price target on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Loop Capital restated a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. Finally, Cantor Fitzgerald increased their target price on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $75.19.

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.