Glass Jacobson Investment Advisors llc Sells 277 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Glass Jacobson Investment Advisors llc trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,512 shares of the company’s stock after selling 277 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Palantir Technologies were worth $568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $28,000. Wolff Wiese Magana LLC lifted its position in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC increased its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC bought a new stake in Palantir Technologies in the 4th quarter valued at about $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Down 0.0 %

Shares of NASDAQ:PLTR opened at $88.55 on Friday. The company’s fifty day moving average is $92.81 and its 200 day moving average is $73.02. Palantir Technologies Inc. has a 52 week low of $20.33 and a 52 week high of $125.41. The stock has a market cap of $207.68 billion, a PE ratio of 466.08, a PEG ratio of 10.84 and a beta of 2.74.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $120.00 target price on shares of Palantir Technologies in a research report on Monday, March 3rd. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, February 4th. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price on the stock. Cantor Fitzgerald increased their target price on Palantir Technologies from $72.00 to $98.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Mizuho lifted their price target on Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $75.19.

Insider Transactions at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 512,006 shares in the company, valued at approximately $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 11,794 shares of Palantir Technologies stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total transaction of $1,212,423.20. Following the completion of the transaction, the director now directly owns 88,129 shares in the company, valued at approximately $9,059,661.20. The trade was a 11.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,989,975 shares of company stock worth $253,328,090. 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.