Corient Private Wealth LLC Sells 41,275 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Corient Private Wealth LLC cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,189 shares of the company’s stock after selling 41,275 shares during the quarter. Corient Private Wealth LLC’s holdings in Palantir Technologies were worth $22,701,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLTR. OneDigital Investment Advisors LLC grew its position in shares of Palantir Technologies by 3.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 34,146 shares of the company’s stock worth $1,270,000 after buying an additional 998 shares during the period. Empowered Funds LLC grew its position in shares of Palantir Technologies by 156.3% in the 3rd quarter. Empowered Funds LLC now owns 73,095 shares of the company’s stock worth $2,719,000 after buying an additional 44,571 shares during the period. Natixis Advisors LLC grew its position in shares of Palantir Technologies by 406.7% in the 3rd quarter. Natixis Advisors LLC now owns 54,742 shares of the company’s stock worth $2,036,000 after buying an additional 43,938 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Palantir Technologies by 73.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 91,656 shares of the company’s stock worth $3,409,000 after buying an additional 38,924 shares during the period. Finally, GLOBALT Investments LLC GA grew its position in shares of Palantir Technologies by 3.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 34,240 shares of the company’s stock worth $1,274,000 after buying an additional 1,071 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on PLTR shares. Robert W. Baird increased their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. 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 research report on Tuesday, February 4th. Citigroup increased their price objective on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Loop Capital cut their price objective on shares of Palantir Technologies from $141.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Finally, DA Davidson increased their price objective on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.45.

Palantir Technologies Stock Down 4.0 %

Shares of NASDAQ:PLTR opened at $83.89 on Wednesday. The firm’s 50 day moving average price is $88.34 and its 200-day moving average price is $66.23. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The stock has a market capitalization of $196.75 billion, a PE ratio of 441.55, a price-to-earnings-growth ratio of 10.84 and a beta of 2.81.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,069,785 shares of company stock worth $254,537,238 in the last quarter. Company insiders own 12.93% of the company’s stock.

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.