Vestmark Advisory Solutions Inc. Has $21.32 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Vestmark Advisory Solutions Inc. reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 281,887 shares of the company’s stock after selling 6,562 shares during the quarter. Palantir Technologies makes up 0.7% of Vestmark Advisory Solutions Inc.’s investment portfolio, making the stock its 25th largest holding. Vestmark Advisory Solutions Inc.’s holdings in Palantir Technologies were worth $21,319,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter worth $210,000. Ethos Financial Group LLC acquired a new position in Palantir Technologies during the 4th quarter worth $769,000. Lindbrook Capital LLC lifted its position in Palantir Technologies by 18.2% during the 4th quarter. Lindbrook Capital LLC now owns 10,781 shares of the company’s stock worth $815,000 after acquiring an additional 1,660 shares during the last quarter. McDonough Capital Management Inc bought a new stake in Palantir Technologies during the fourth quarter valued at about $432,000. Finally, One Capital Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $450,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the transaction, the director now directly owns 62,139 shares in the company, valued at approximately $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 sold 1,439,783 shares of company stock worth $107,497,043 in the last quarter. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PLTR shares. Wedbush reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Palantir Technologies in a research report on Monday. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Jefferies Financial Group raised their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 4th. DA Davidson upped 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. Finally, The Goldman Sachs Group lifted their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average target price of $74.79.

Palantir Technologies Trading Up 6.8 %

Shares of NASDAQ PLTR opened at $90.13 on Thursday. Palantir Technologies Inc. has a 1-year low of $20.33 and a 1-year high of $125.41. The company has a 50-day moving average of $87.34 and a two-hundred day moving average of $62.79. The company has a market cap of $211.39 billion, a PE ratio of 474.39, a P/E/G ratio of 10.84 and a beta of 2.81.

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.