Walter & Keenan Wealth Management LLC IN ADV Sells 241 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Walter & Keenan Wealth Management LLC IN ADV cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,346 shares of the company’s stock after selling 241 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Palantir Technologies were worth $1,463,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Palantir Technologies by 17.2% in the third quarter. CWM LLC now owns 112,897 shares of the company’s stock worth $4,200,000 after buying an additional 16,552 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Palantir Technologies by 298.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15,519 shares of the company’s stock valued at $577,000 after acquiring an additional 11,629 shares during the period. Valeo Financial Advisors LLC increased its position in shares of Palantir Technologies by 1.9% in the third quarter. Valeo Financial Advisors LLC now owns 36,853 shares of the company’s stock valued at $1,371,000 after acquiring an additional 676 shares during the period. Silverlake Wealth Management LLC bought a new position in shares of Palantir Technologies during the third quarter valued at about $205,000. Finally, CRA Financial Services LLC purchased a new stake in shares of Palantir Technologies during the third quarter worth about $201,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the transaction, the director now owns 88,129 shares in the company, valued at $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 1,823,602 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total value of $115,105,758.24. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $406,004,124.96. The trade was a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,656,687 shares of company stock worth $1,040,105,687 in the last quarter. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 0.4 %

Palantir Technologies stock opened at $110.85 on Monday. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $116.30. The business’s fifty day simple moving average is $77.34 and its two-hundred day simple moving average is $53.60. The company has a market capitalization of $252.52 billion, a price-to-earnings ratio of 583.45, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson upped their target price on Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Mizuho boosted their price objective on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group raised their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. Six 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $69.44.

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.