Schrum Private Wealth Management LLC Has $573,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Schrum Private Wealth Management LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,575 shares of the company’s stock after selling 4,695 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Palantir Technologies were worth $573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth $27,000. First PREMIER Bank bought a new position in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the period. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $90.13 on Thursday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a market cap of $211.39 billion, a P/E ratio of 474.39, a P/E/G ratio of 10.84 and a beta of 2.81. The stock has a 50-day moving average of $87.34 and a two-hundred day moving average of $62.79.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 483,987 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the transaction, the insider now directly owns 170,273 shares of the company’s stock, valued at $12,681,933.04. This trade represents a 73.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.43, for a total value of $2,772,900.00. Following the completion of the transaction, the insider now directly owns 702,786 shares of the company’s stock, valued at approximately $64,958,509.98. This trade represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,439,783 shares of company stock worth $107,497,043. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research analyst reports. Robert W. Baird upped their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. 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. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.79.

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.