OneAscent Wealth Management LLC Lowers Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

OneAscent Wealth Management LLC reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,618 shares of the company’s stock after selling 4,062 shares during the period. OneAscent Wealth Management LLC’s holdings in Palantir Technologies were worth $501,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. grew its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after buying an additional 448 shares in the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $876,000. Destiny Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $3,233,000. Coldstream Capital Management Inc. bought a new position in shares of Palantir Technologies in the third quarter worth approximately $639,000. Finally, Kieckhefer Group LLC purchased a new stake in Palantir Technologies in the fourth quarter valued at approximately $11,769,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a research note on Tuesday, February 4th. Loop Capital cut their target price on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada raised their price target on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Finally, Cantor Fitzgerald increased their price objective on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report 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, the company presently has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Trading Down 4.7 %

Shares of Palantir Technologies stock opened at $85.85 on Friday. The company’s fifty day simple moving average is $91.98 and its two-hundred day simple moving average is $69.04. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The company has a market cap of $201.35 billion, a P/E ratio of 451.87, a PEG ratio of 10.84 and a beta of 2.81.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares of the company’s stock, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,379,785 shares of company stock worth $281,528,938 over the last 90 days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Company Profile

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.