Osterweis Capital Management Inc. Reduces Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Osterweis Capital Management Inc. cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 36.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,492 shares of the company’s stock after selling 7,028 shares during the quarter. Osterweis Capital Management Inc.’s holdings in Palantir Technologies were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. This trade represents a 2.64 % 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 Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. This trade represents a 1.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,989,975 shares of company stock worth $253,328,090 over the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

PLTR opened at $92.71 on Thursday. The stock has a market capitalization of $217.44 billion, a PE ratio of 487.97, a P/E/G ratio of 10.84 and a beta of 2.74. Palantir Technologies Inc. has a one year low of $20.33 and a one year high of $125.41. The business’s 50 day moving average price is $92.01 and its 200 day moving average price is $73.96.

Analysts Set New Price Targets

Several research firms have commented on PLTR. Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. DA Davidson dropped their price objective on Palantir Technologies from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday. Loop Capital reissued a “buy” rating on shares of Palantir Technologies in a research note on Friday, April 4th. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price on the stock. Finally, UBS Group increased their target price on shares of Palantir Technologies from $80.00 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, sixteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $74.71.

Palantir Technologies Company 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.