Mutual of America Capital Management LLC Sells 2,113 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Mutual of America Capital Management LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,529 shares of the company’s stock after selling 2,113 shares during the period. Mutual of America Capital Management LLC’s holdings in Palantir Technologies were worth $18,569,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Flputnam Investment Management Co. boosted its stake in Palantir Technologies by 3.4% during the fourth quarter. Flputnam Investment Management Co. now owns 8,686 shares of the company’s stock worth $657,000 after acquiring an additional 287 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Palantir Technologies by 175.7% in the fourth quarter. Private Trust Co. NA now owns 16,275 shares of the company’s stock worth $1,231,000 after buying an additional 10,372 shares in the last quarter. Private Capital Management LLC lifted its stake in shares of Palantir Technologies by 1.0% in the third quarter. Private Capital Management LLC now owns 60,291 shares of the company’s stock worth $2,243,000 after buying an additional 580 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Palantir Technologies by 128.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,044 shares of the company’s stock worth $533,000 after buying an additional 3,954 shares in the last quarter. Finally, Financial Security Advisor Inc. bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $207,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 0.1 %

Shares of PLTR stock opened at $84.86 on Friday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $125.41. The stock has a market cap of $193.31 billion, a P/E ratio of 446.64, a P/E/G ratio of 10.84 and a beta of 2.81. The company has a 50 day simple moving average of $87.09 and a two-hundred day simple moving average of $61.43.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,689,783 shares of company stock valued at $475,417,043 over the last three months. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. UBS Group upped their target price on shares of Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Loop Capital initiated coverage on shares of Palantir Technologies in a research note on Thursday, February 20th. They issued a “buy” rating and a $141.00 target price on the stock. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $73.21.

Palantir Technologies Company 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.