Palantir Technologies Inc. (NASDAQ:PLTR) Position Reduced by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 43.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,619 shares of the company’s stock after selling 16,068 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Palantir Technologies were worth $1,559,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PLTR. Kesler Norman & Wride LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $1,035,000. Columbia Asset Management bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $216,000. Meeder Advisory Services Inc. grew its stake in shares of Palantir Technologies by 94.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 72,033 shares of the company’s stock worth $5,448,000 after purchasing an additional 34,909 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $2,147,000. Finally, Trexquant Investment LP raised its holdings in shares of Palantir Technologies by 696.5% in the 4th quarter. Trexquant Investment LP now owns 396,187 shares of the company’s stock worth $29,964,000 after purchasing an additional 346,445 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 0.3 %

Palantir Technologies stock opened at $84.68 on Wednesday. The company has a market capitalization of $198.60 billion, a P/E ratio of 445.71, a P/E/G ratio of 10.84 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The firm’s fifty day simple moving average is $92.47 and its 200-day simple moving average is $70.22.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLTR. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday. They set a “neutral” rating and a $90.00 target price for the company. Cantor Fitzgerald raised their price objective on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. 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. Loop Capital dropped their price target on Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Palantir Technologies in a research note on Monday, March 3rd. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $75.19.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the transaction, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last three months. Corporate insiders own 12.93% of the company’s stock.

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.