Quent Capital LLC Has $347,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Quent Capital LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,589 shares of the company’s stock after selling 139 shares during the period. Quent Capital LLC’s holdings in Palantir Technologies were worth $347,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PLTR. Mather Group LLC. lifted its holdings in Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 448 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after buying an additional 4,667,955 shares in the last quarter. Diversify Wealth Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $876,000. Destiny Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $3,233,000. Finally, State of Alaska Department of Revenue grew its position in Palantir Technologies by 22.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after acquiring an additional 68,945 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Mizuho lifted their price objective on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Bank of America lifted their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Robert W. Baird upped their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. 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. Finally, DA Davidson upped their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Six investment 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 MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Trading Down 3.5 %

NASDAQ PLTR opened at $112.62 on Wednesday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $118.66. The company has a market capitalization of $256.55 billion, a PE ratio of 592.77, a P/E/G ratio of 11.44 and a beta of 2.81. The stock has a 50-day simple moving average of $78.34 and a 200 day simple moving average of $54.24.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares of the company’s stock, valued at $9,059,661.20. The trade was a 11.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 1,007,496 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $63.96, for a total value of $64,439,444.16. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $411,407,221.68. The trade was a 13.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,833,085 shares of company stock valued at $924,999,929 in the last ninety days. 12.93% of the stock is owned by insiders.

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.