Moloney Securities Asset Management LLC Sells 1,835 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Moloney Securities Asset Management LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,641 shares of the company’s stock after selling 1,835 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Palantir Technologies were worth $1,334,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its holdings in shares of Palantir Technologies by 134.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 2,340 shares of the company’s stock valued at $177,000 after purchasing an additional 1,340 shares in the last quarter. Hendershot Investments Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $529,000. D Orazio & Associates Inc. bought a new position in Palantir Technologies in the fourth quarter valued at approximately $427,000. Kingsview Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 46.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 50,943 shares of the company’s stock valued at $3,853,000 after buying an additional 16,257 shares during the period. Finally, Apollon Wealth Management LLC increased its position in shares of Palantir Technologies by 42.0% during the fourth quarter. Apollon Wealth Management LLC now owns 37,085 shares of the company’s stock worth $2,805,000 after acquiring an additional 10,966 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 1,823,602 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $406,004,124.96. This represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,656,687 shares of company stock worth $1,040,105,687. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLTR. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $60.00 to $95.00 in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Robert W. Baird lifted their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $69.44.

Palantir Technologies Price Performance

Shares of PLTR opened at $110.85 on Monday. The firm has a market capitalization of $252.52 billion, a PE ratio of 583.45, a PEG ratio of 11.44 and a beta of 2.81. The company’s 50-day moving average is $77.34 and its 200-day moving average is $53.42. Palantir Technologies Inc. has a fifty-two week low of $20.33 and a fifty-two week high of $116.30.

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.