Evergreen Capital Management LLC Sells 3,480 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Evergreen Capital Management LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,043 shares of the company’s stock after selling 3,480 shares during the quarter. Evergreen Capital Management LLC’s holdings in Palantir Technologies were worth $2,272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in shares of Palantir Technologies by 37.0% in the third quarter. M&T Bank Corp now owns 170,043 shares of the company’s stock valued at $6,326,000 after purchasing an additional 45,965 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at approximately $347,000. Wilmington Savings Fund Society FSB lifted its stake in Palantir Technologies by 48.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,538 shares of the company’s stock valued at $652,000 after acquiring an additional 5,747 shares in the last quarter. Synovus Financial Corp boosted its position in Palantir Technologies by 85.9% during the 3rd quarter. Synovus Financial Corp now owns 17,898 shares of the company’s stock worth $666,000 after acquiring an additional 8,270 shares during the last quarter. Finally, Tri Ri Asset Management Corp bought a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $23,403,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on PLTR. Morgan Stanley reduced their target price on shares of Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday. Daiwa America upgraded Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Wedbush reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Loop Capital restated a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. Finally, Northland Securities upped their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.71.

Palantir Technologies Stock Up 1.2 %

Shares of NASDAQ:PLTR opened at $93.78 on Friday. The stock has a market cap of $219.95 billion, a PE ratio of 493.60, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $125.41. The business has a 50 day moving average of $91.56 and a 200-day moving average of $74.35.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the transaction, the director now directly owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. This trade represents a 11.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,989,975 shares of company stock worth $253,328,090 in the last ninety days. 12.93% of the stock is owned by company insiders.

Palantir Technologies 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.