Nwam LLC Lowers Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Nwam LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 16.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,895 shares of the company’s stock after selling 5,528 shares during the quarter. Nwam LLC’s holdings in Palantir Technologies were worth $2,185,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PLTR. NewEdge Wealth LLC grew its stake in Palantir Technologies by 34.8% during the fourth quarter. NewEdge Wealth LLC now owns 19,969 shares of the company’s stock worth $1,510,000 after buying an additional 5,152 shares during the period. Miller Wealth Advisors LLC boosted its position in Palantir Technologies by 4,227.0% during the 4th quarter. Miller Wealth Advisors LLC now owns 49,414 shares of the company’s stock worth $3,737,000 after purchasing an additional 48,272 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Palantir Technologies by 2.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 175,750 shares of the company’s stock worth $13,292,000 after purchasing an additional 3,450 shares during the period. Oakwell Private Wealth Management LLC purchased a new stake in Palantir Technologies during the 4th quarter worth $227,000. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth about $258,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Finally, UBS Group upped their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.21.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total value of $367,920,000.00. Following the transaction, the insider now owns 752,786 shares of the company’s stock, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the completion of the sale, the director now directly owns 100,923 shares in the company, valued at approximately $7,748,867.94. This trade represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,689,783 shares of company stock worth $475,417,043 over the last ninety days. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Down 5.1 %

NASDAQ:PLTR opened at $84.77 on Friday. The business’s 50 day moving average is $87.00 and its two-hundred day moving average is $61.04. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The company has a market cap of $193.11 billion, a PE ratio of 446.18, a P/E/G ratio of 10.84 and a beta of 2.81.

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.