Miracle Mile Advisors LLC decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,774 shares of the company’s stock after selling 534 shares during the period. Miracle Mile Advisors LLC’s holdings in Palantir Technologies were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Northstar Advisory Group LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $317,000. Burns J W & Co. Inc. NY boosted its position in shares of Palantir Technologies by 103.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 13,875 shares of the company’s stock valued at $1,049,000 after purchasing an additional 7,063 shares in the last quarter. Abound Wealth Management boosted its position in shares of Palantir Technologies by 492.5% during the 4th quarter. Abound Wealth Management now owns 1,256 shares of the company’s stock valued at $95,000 after purchasing an additional 1,044 shares in the last quarter. Cooper Financial Group bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $206,000. Finally, Fragasso Financial Advisors Inc boosted its position in shares of Palantir Technologies by 59.1% during the 4th quarter. Fragasso Financial Advisors Inc now owns 10,187 shares of the company’s stock valued at $770,000 after purchasing an additional 3,783 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.
Palantir Technologies Stock Up 1.4 %
PLTR stock opened at $65.91 on Wednesday. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The stock’s 50 day moving average is $69.70 and its 200-day moving average is $46.54. The firm has a market capitalization of $150.14 billion, a PE ratio of 329.57, a P/E/G ratio of 10.18 and a beta of 2.82.
Insider Activity at Palantir Technologies
In related news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently commented on PLTR shares. Morgan Stanley restated an “underweight” rating and set a $60.00 target price on shares of Palantir Technologies in a research report on Monday, January 6th. Mizuho upped their target price on Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research report on Friday, December 13th. Northland Securities increased their price target on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, UBS Group initiated coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price target on the stock. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $42.12.
Get Our Latest Analysis on PLTR
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.
Recommended Stories
- Five stocks we like better than Palantir Technologies
- How to Use the MarketBeat Excel Dividend Calculator
- The Fed Is More Likely to Hike Than Cut Rates in 2025
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil
- What is Put Option Volume?
- Archer Aviation Shares Slide, Now Bargain Priced for 2025
Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR – Free Report).
Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.