Moloney Securities Asset Management LLC Has $1.33 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Moloney Securities Asset Management LLC cut its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

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

Palantir Technologies Trading Down 0.4 %

Shares of PLTR opened at $110.85 on Monday. The firm’s fifty day simple moving average is $77.34 and its two-hundred day simple moving average is $53.42. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $116.30. The stock has a market capitalization of $252.52 billion, a P/E ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 1,823,602 shares of the stock in a transaction on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at $406,004,124.96. This represents a 22.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.77, for a total transaction of $650,740.42. Following the completion of the sale, the director now directly owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,656,687 shares of company stock worth $1,040,105,687 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on PLTR shares. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Robert W. Baird upped their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Royal Bank of Canada raised their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Morgan Stanley raised Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $60.00 to $95.00 in a report on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $69.44.

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.