Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,000 shares of the company’s stock after selling 500 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Palantir Technologies were worth $1,059,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC lifted its stake in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its position in shares of Palantir Technologies by 313.3% during the 4th quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock valued at $47,000 after buying an additional 470 shares during the last quarter. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies during the third quarter worth about $25,000. Prestige Wealth Management Group LLC lifted its holdings in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares during the last quarter. Finally, PSI Advisors LLC boosted its stake in Palantir Technologies by 99.7% in the fourth quarter. PSI Advisors LLC now owns 795 shares of the company’s stock valued at $60,000 after acquiring an additional 397 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the transaction, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock worth $1,444,232,453 in the last three months. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 3.7 %

NASDAQ:PLTR opened at $71.77 on Friday. The company has a 50-day moving average of $70.49 and a 200-day moving average of $47.17. The firm has a market cap of $163.49 billion, a price-to-earnings ratio of 358.87, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. Wedbush raised their price target on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Morgan Stanley reissued an “underweight” rating and set a $60.00 price target on shares of Palantir Technologies in a report on Monday, January 6th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a report on Friday. They issued a “neutral” rating and a $72.00 price objective on the stock. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Finally, DA Davidson raised their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $43.78.

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.