Deuterium Capital Management LLC Sells 22,500 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Deuterium Capital Management LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.0% in the 4th quarter, HoldingsChannel reports. The firm owned 67,500 shares of the company’s stock after selling 22,500 shares during the quarter. Palantir Technologies makes up about 13.4% of Deuterium Capital Management LLC’s portfolio, making the stock its 3rd largest position. Deuterium Capital Management LLC’s holdings in Palantir Technologies were worth $5,105,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PLTR. Farther Finance Advisors LLC lifted its stake in Palantir Technologies by 13.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,792 shares of the company’s stock valued at $476,000 after buying an additional 1,514 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Palantir Technologies by 26.3% in the third quarter. Chicago Partners Investment Group LLC now owns 15,273 shares of the company’s stock worth $568,000 after acquiring an additional 3,185 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Palantir Technologies by 39.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 901,428 shares of the company’s stock worth $33,533,000 after purchasing an additional 252,830 shares in the last quarter. National Pension Service raised its stake in Palantir Technologies by 22.6% in the 3rd quarter. National Pension Service now owns 2,999,917 shares of the company’s stock valued at $111,597,000 after purchasing an additional 552,403 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Palantir Technologies by 12.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 775,784 shares of the company’s stock valued at $28,859,000 after purchasing an additional 88,593 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $84.40 on Wednesday. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The firm has a market capitalization of $192.26 billion, a P/E ratio of 444.23, a PEG ratio of 10.84 and a beta of 2.81. The company’s fifty day moving average is $87.18 and its two-hundred day moving average is $62.60.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group increased 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. Northland Securities increased their price objective 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. Loop Capital initiated coverage on Palantir Technologies in a report on Thursday, February 20th. They set a “buy” rating and a $141.00 target price on the stock. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Finally, Wedbush reiterated an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a research report on Monday. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.79.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated 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 owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,439,783 shares of company stock worth $107,497,043 over the last 90 days. Company insiders own 12.93% of the company’s stock.

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.