Creative Financial Designs Inc. ADV Decreases Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Creative Financial Designs Inc. ADV lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,644 shares of the company’s stock after selling 212 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Palantir Technologies were worth $881,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. IMG Wealth Management Inc. purchased a new stake in Palantir Technologies in the 4th quarter worth $92,000. SlateStone Wealth LLC raised its position in shares of Palantir Technologies by 0.7% during the 4th quarter. SlateStone Wealth LLC now owns 108,654 shares of the company’s stock valued at $8,218,000 after buying an additional 792 shares in the last quarter. GWN Securities Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $312,000. Glenview Trust co purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $358,000. Finally, Facet Wealth Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $291,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,069,785 shares of company stock valued at $254,537,238. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $87.35 on Tuesday. The company’s 50-day simple moving average is $88.06 and its two-hundred day simple moving average is $65.86. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The company has a market capitalization of $204.87 billion, a P/E ratio of 459.76, a P/E/G ratio of 10.84 and a beta of 2.81.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PLTR shares. UBS Group upped their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price 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. Wedbush restated an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Northland Securities upped their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Five investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies 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.