FSA Wealth Management LLC Reduces Position in Palantir Technologies Inc. (NASDAQ:PLTR)

FSA Wealth Management LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,450 shares of the company’s stock after selling 300 shares during the period. FSA Wealth Management LLC’s holdings in Palantir Technologies were worth $110,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PLTR. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted 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 acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies during the fourth quarter valued at $31,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

Shares of PLTR opened at $90.80 on Tuesday. The stock has a market capitalization of $212.96 billion, a PE ratio of 477.92, a P/E/G ratio of 10.84 and a beta of 2.74. The company’s 50-day simple moving average is $90.65 and its 200-day simple moving average is $75.61. Palantir Technologies Inc. has a 1 year low of $20.36 and a 1 year high of $125.41.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction 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 sale, the insider now directly owns 512,006 shares of the company’s stock, valued at approximately $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares in the company, 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 sold a total of 2,989,975 shares of company stock worth $253,328,090 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PLTR shares. Royal Bank of Canada boosted their price objective on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday, February 4th. Northland Securities boosted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, February 4th. Loop Capital restated a “buy” rating on shares of Palantir Technologies in a research report on Friday, April 4th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley cut their price target on Palantir Technologies from $95.00 to $90.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.