Palantir Technologies Inc. (NASDAQ:PLTR) Stake Trimmed by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,228 shares of the company's stock after selling 8,577 shares during the quarter. Ameritas Advisory Services LLC's holdings in Palantir Technologies were worth $2,434,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. New Wave Wealth Advisors LLC grew its holdings in Palantir Technologies by 124.7% during the 1st quarter. New Wave Wealth Advisors LLC now owns 24,284 shares of the company's stock valued at $2,050,000 after purchasing an additional 13,478 shares in the last quarter. IRON Financial LLC grew its stake in shares of Palantir Technologies by 53.3% during the first quarter. IRON Financial LLC now owns 4,600 shares of the company's stock valued at $388,000 after acquiring an additional 1,600 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Palantir Technologies by 5.2% during the first quarter. New York State Teachers Retirement System now owns 1,680,436 shares of the company's stock worth $141,829,000 after acquiring an additional 83,225 shares during the last quarter. Albion Financial Group UT boosted its holdings in Palantir Technologies by 17,192.9% in the first quarter. Albion Financial Group UT now owns 2,421 shares of the company's stock valued at $204,000 after purchasing an additional 2,407 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in Palantir Technologies by 3.4% in the first quarter. Amalgamated Bank now owns 435,137 shares of the company's stock valued at $36,726,000 after purchasing an additional 14,341 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded down $5.64 during mid-day trading on Tuesday, reaching $130.68. 91,113,953 shares of the company traded hands, compared to its average volume of 82,504,113. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22. The firm has a market cap of $308.39 billion, a PE ratio of 568.17, a price-to-earnings-growth ratio of 11.16 and a beta of 2.64. The stock has a fifty day simple moving average of $126.15 and a 200-day simple moving average of $100.23.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company's revenue was up 39.4% on a year-over-year basis. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLTR shares. Citigroup upped their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Cantor Fitzgerald lifted their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Morgan Stanley lifted their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $89.32.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric H. Woersching sold 17,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the sale, the director directly owned 12,562 shares of the company's stock, valued at approximately $1,624,140.98. This represents a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,408,748 shares of company stock worth $180,327,603 in the last ninety days. 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.