Optimum Investment Advisors Has $1.40 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Optimum Investment Advisors lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,502 shares of the company’s stock after selling 2,900 shares during the period. Optimum Investment Advisors’ holdings in Palantir Technologies were worth $1,399,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. boosted its holdings in shares of Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock worth $67,000 after acquiring an additional 448 shares during the period. Diversify Wealth Management LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $876,000. Destiny Wealth Partners LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $3,233,000. Coldstream Capital Management Inc. acquired a new position in Palantir Technologies in the 3rd quarter valued at $639,000. Finally, Boston Family Office LLC increased its position in Palantir Technologies by 48.0% during the 3rd quarter. Boston Family Office LLC now owns 37,000 shares of the company’s stock worth $1,376,000 after buying an additional 12,000 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares in the company, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,379,785 shares of company stock valued at $281,528,938. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 4.1 %

PLTR opened at $90.96 on Friday. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The company has a fifty day moving average of $89.55 and a 200-day moving average of $67.18. The stock has a market cap of $213.33 billion, a PE ratio of 478.76, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLTR. Mizuho boosted their target price 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. Wedbush reissued an “outperform” rating and issued a $120.00 price objective on shares of Palantir Technologies in a report on Monday, March 3rd. Robert W. Baird boosted their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Loop Capital lowered their price objective 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, UBS Group raised their price target on Palantir Technologies from $80.00 to $105.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus target price of $74.45.

About Palantir Technologies

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.