Waterloo Capital L.P. Decreases Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Waterloo Capital L.P. cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,219 shares of the company’s stock after selling 1,359 shares during the quarter. Waterloo Capital L.P.’s holdings in Palantir Technologies were worth $1,605,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Stevard LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $360,000. MIG Capital LLC purchased a new stake in Palantir Technologies during the 4th quarter worth $341,000. Quadrant Capital Group LLC lifted its holdings in Palantir Technologies by 158.0% in the 4th quarter. Quadrant Capital Group LLC now owns 5,265 shares of the company’s stock worth $398,000 after buying an additional 3,224 shares in the last quarter. Cascades Capital Asset Management LLC purchased a new position in Palantir Technologies in the 4th quarter valued at about $294,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Palantir Technologies by 20.7% during the fourth quarter. Russell Investments Group Ltd. now owns 706,487 shares of the company’s stock valued at $53,494,000 after acquiring an additional 121,312 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of analyst reports. Robert W. Baird increased their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Bank of America upped their target price on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Citigroup upped their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $75.19.

Palantir Technologies Stock Performance

Shares of PLTR opened at $74.01 on Monday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $125.41. The firm has a fifty day moving average of $92.67 and a 200-day moving average of $71.18. The company has a market cap of $173.58 billion, a price-to-earnings ratio of 389.55, a price-to-earnings-growth ratio of 10.84 and a beta of 2.74.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company’s stock, valued at approximately $33,382,558.80. This trade represents a 19.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,993,175 shares of company stock valued at $253,549,610 in the last ninety days. Company insiders own 12.93% of the company’s stock.

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.