Intelligence Driven Advisers LLC Has $520,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Intelligence Driven Advisers LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,871 shares of the company’s stock after selling 654 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Palantir Technologies were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PLTR. First PREMIER Bank bought a new position in Palantir Technologies in the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its position 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 acquiring an additional 265 shares during the period. R Squared Ltd acquired a new position in Palantir Technologies during the 4th quarter valued at $33,000. Elevation Wealth Partners LLC raised its stake in Palantir Technologies by 64.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 511 shares of the company’s stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in Palantir Technologies by 181.3% in the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after purchasing an additional 330 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 4.2 %

Palantir Technologies stock opened at $117.39 on Thursday. The company has a market capitalization of $267.42 billion, a price-to-earnings ratio of 617.87, a PEG ratio of 11.44 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $20.33 and a 12 month high of $118.66. The stock’s 50 day moving average is $80.12 and its 200-day moving average is $55.28.

Insider Activity

In related news, insider Shyam Sankar sold 5,250,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at $42,002.40. The trade was a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,833,085 shares of company stock worth $924,999,929. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLTR shares. DA Davidson boosted their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $60.00 to $95.00 in a report on Tuesday, February 4th. Citigroup increased their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Mizuho increased their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group upped their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.