Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,177 shares of the company’s stock after selling 8,144 shares during the period. Palantir Technologies makes up about 7.2% of Clarity Capital Partners LLC’s holdings, making the stock its 2nd biggest position. Clarity Capital Partners LLC’s holdings in Palantir Technologies were worth $13,929,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock worth $460,798,000 after acquiring an additional 4,667,955 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at $876,000. Destiny Wealth Partners LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $3,233,000. Finally, State of Alaska Department of Revenue increased its position in Palantir Technologies by 22.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after purchasing an additional 68,945 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLTR. Cantor Fitzgerald lifted their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. DA Davidson increased their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. UBS Group lifted their price objective on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Finally, William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $69.44.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 1,007,496 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $63.96, for a total transaction of $64,439,444.16. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $411,407,221.68. This represents a 13.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,833,085 shares of company stock worth $924,999,929. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Trading Up 4.2 %

Shares of PLTR stock opened at $117.39 on Thursday. Palantir Technologies Inc. has a 1 year low of $20.33 and a 1 year high of $118.66. The firm’s fifty day simple moving average is $79.17 and its 200 day simple moving average is $54.84. The firm has a market capitalization of $267.42 billion, a P/E ratio of 617.87, a price-to-earnings-growth ratio of 11.44 and a beta of 2.81.

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.