Palantir Technologies Inc. (NASDAQ:PLTR) is Mark Sheptoff Financial Planning LLC’s 6th Largest Position

Mark Sheptoff Financial Planning LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,075 shares of the company’s stock after selling 500 shares during the quarter. Palantir Technologies accounts for 3.0% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 6th biggest position. Mark Sheptoff Financial Planning LLC’s holdings in Palantir Technologies were worth $5,678,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC boosted its stake in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC grew its holdings in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies in the fourth quarter worth $31,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $96.51 on Wednesday. The company has a 50 day moving average price of $90.80 and a 200-day moving average price of $68.37. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm has a market cap of $226.35 billion, a price-to-earnings ratio of 507.97, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies 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 completion of the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,379,785 shares of company stock worth $281,528,938. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Citigroup increased their price objective on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. Jefferies Financial Group lifted their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 4th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Finally, Northland Securities boosted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.45.

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.