Palantir Technologies Inc. (NASDAQ:PLTR) is NTV Asset Management LLC’s 10th Largest Position

NTV Asset Management LLC decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 169,563 shares of the company’s stock after selling 5,105 shares during the period. Palantir Technologies comprises about 1.7% of NTV Asset Management LLC’s holdings, making the stock its 10th biggest position. NTV Asset Management LLC’s holdings in Palantir Technologies were worth $12,824,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its holdings in Palantir Technologies by 31.1% during the 4th quarter. Sanctuary Advisors LLC now owns 375,512 shares of the company’s stock valued at $30,499,000 after acquiring an additional 88,988 shares during the period. KLCM Advisors Inc. purchased a new position in Palantir Technologies during the 4th quarter valued at $303,000. Retirement Income Solutions Inc purchased a new position in Palantir Technologies during the 4th quarter valued at $401,000. State of New Jersey Common Pension Fund D boosted its holdings in Palantir Technologies by 0.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 748,244 shares of the company’s stock valued at $56,590,000 after acquiring an additional 2,695 shares during the period. Finally, Philip James Wealth Mangement LLC purchased a new position in Palantir Technologies during the 4th quarter valued at $221,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $119.16 on Monday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $120.67. The stock’s fifty day moving average price is $81.90 and its 200 day moving average price is $56.77. The company has a market cap of $271.45 billion, a price-to-earnings ratio of 627.19, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLTR. Royal Bank of Canada boosted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Wedbush lifted their target price on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Mizuho lifted their target price on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, Citigroup lifted their target price on Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $69.44.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the transaction, the director now directly owns 111,644 shares in the company, valued at $7,454,469.88. The trade was a 8.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 38,093 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $63.01, for a total value of $2,400,239.93. Following the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $405,296,576.58. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,339,480 shares of company stock worth $578,221,285 in the last ninety days. 12.93% of the stock is owned by insiders.

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.