Palantir Technologies Inc. (NASDAQ:PLTR) is Lane Generational LLC’s Largest Position

Lane Generational LLC trimmed its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,441 shares of the company’s stock after selling 30,518 shares during the period. Palantir Technologies makes up 11.4% of Lane Generational LLC’s investment portfolio, making the stock its biggest holding. Lane Generational LLC’s holdings in Palantir Technologies were worth $11,680,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Westover Capital Advisors LLC grew its stake in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after buying an additional 130 shares in the last quarter. Tritonpoint Wealth LLC boosted its holdings in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after purchasing an additional 132 shares during the period. Twin Peaks Wealth Advisors LLC boosted its holdings in Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after purchasing an additional 139 shares during the period. RKL Wealth Management LLC boosted its holdings in Palantir Technologies by 2.7% in the 4th quarter. RKL Wealth Management LLC now owns 5,689 shares of the company’s stock valued at $430,000 after purchasing an additional 150 shares during the period. Finally, Kennebec Savings Bank boosted its holdings in Palantir Technologies by 29.5% in the 4th quarter. Kennebec Savings Bank now owns 698 shares of the company’s stock valued at $53,000 after purchasing an additional 159 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 416,053 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $74.17, for a total value of $30,858,651.01. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $43,908.64. The trade was a 99.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 985,838 shares of company stock worth $75,333,389. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 2.2 %

PLTR stock opened at $78.05 on Wednesday. The company’s 50 day moving average is $87.46 and its two-hundred day moving average is $64.35. The stock has a market cap of $183.06 billion, a P/E ratio of 410.81, a PEG 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on PLTR shares. Wedbush reissued an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a report on Monday, March 3rd. Loop Capital started coverage on shares of Palantir Technologies in a report on Thursday, February 20th. They issued a “buy” rating and a $141.00 price target for the company. Citigroup raised their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Finally, UBS Group boosted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average price target of $75.25.

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.