Fielder Capital Group LLC Reduces Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Fielder Capital Group LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 26.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 41,243 shares of the company’s stock after selling 15,037 shares during the quarter. Palantir Technologies accounts for about 1.0% of Fielder Capital Group LLC’s investment portfolio, making the stock its 28th biggest holding. Fielder Capital Group LLC’s holdings in Palantir Technologies were worth $3,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Private Capital Management LLC grew its position in Palantir Technologies by 1.0% during the third quarter. Private Capital Management LLC now owns 60,291 shares of the company’s stock valued at $2,243,000 after buying an additional 580 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Palantir Technologies by 128.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,044 shares of the company’s stock worth $533,000 after acquiring an additional 3,954 shares during the last quarter. Financial Security Advisor Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $207,000. Verus Capital Partners LLC grew its position in shares of Palantir Technologies by 27.6% during the 4th quarter. Verus Capital Partners LLC now owns 64,640 shares of the company’s stock valued at $4,889,000 after acquiring an additional 13,962 shares during the period. Finally, Schulhoff & Co. Inc. purchased a new stake in shares of Palantir Technologies in the 4th quarter worth $329,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 10,721 shares of Palantir Technologies stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the transaction, the director now directly owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. The trade was a 9.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the transaction, the insider now owns 702,786 shares in the company, valued at $64,958,509.98. The trade was a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,689,783 shares of company stock worth $475,417,043 in the last quarter. 12.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Bank of America lifted their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Mizuho raised their target price on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, Wedbush upped their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.21.

Palantir Technologies Trading Down 5.1 %

Shares of PLTR stock opened at $84.77 on Friday. The stock has a market capitalization of $193.11 billion, a price-to-earnings ratio of 446.18, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The stock’s 50-day moving average price is $87.00 and its 200-day moving average price is $61.04.

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.