Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 138,385 shares of the company’s stock after selling 1,906 shares during the period. Kentucky Retirement Systems’ holdings in Palantir Technologies were worth $10,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PLTR. Prestige Wealth Management Group LLC raised its position in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies in the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC raised its holdings in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. Finally, HighMark Wealth Management LLC raised its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 9,746 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.77, for a total value of $650,740.42. Following the sale, the director now directly owns 111,644 shares in the company, valued at approximately $7,454,469.88. This trade represents a 8.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the completion of the sale, the insider now owns 752,786 shares in the company, valued at $50,128,019.74. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,680,992 shares of company stock valued at $473,395,877 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Bank of America raised their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Loop Capital assumed coverage on shares of Palantir Technologies in a report on Thursday. They set a “buy” rating and a $141.00 price target for the company. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.21.

Palantir Technologies Stock Down 5.2 %

Shares of PLTR stock opened at $106.27 on Friday. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The stock has a market capitalization of $242.09 billion, a PE ratio of 559.35, a P/E/G ratio of 11.52 and a beta of 2.81. The firm has a 50 day moving average of $85.36 and a two-hundred day moving average of $58.84.

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.