Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,975 shares of the company’s stock after selling 101,035 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Palantir Technologies were worth $8,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Root Financial Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $464,000. Walkner Condon Financial Advisors LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $303,000. Bogart Wealth LLC lifted its stake in shares of Palantir Technologies by 118.1% in the 4th quarter. Bogart Wealth LLC now owns 3,204 shares of the company’s stock valued at $242,000 after purchasing an additional 1,735 shares during the last quarter. Catalyst Financial Partners LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $420,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Palantir Technologies by 4.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 810,833 shares of the company’s stock valued at $64,121,000 after purchasing an additional 35,049 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLTR. Robert W. Baird increased their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Wedbush increased their target price on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Northland Securities increased their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Jefferies Financial Group increased their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group increased their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $69.44.

Palantir Technologies Stock Performance

PLTR opened at $117.91 on Friday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $118.66. The company has a market cap of $268.60 billion, a P/E ratio of 620.61, a PEG ratio of 11.44 and a beta of 2.81. The business’s 50-day simple moving average is $80.12 and its 200-day simple moving average is $55.28.

Insider Activity

In other news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 38,093 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $63.01, for a total value of $2,400,239.93. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $405,296,576.58. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,346,976 shares of company stock worth $642,660,729. 12.93% of the stock is currently owned by insiders.

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.