Palantir Technologies Inc. (NASDAQ:PLTR) Stake Lessened by Atwood & Palmer Inc.

Atwood & Palmer Inc. trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 37.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 734,324 shares of the company's stock after selling 431,614 shares during the period. Palantir Technologies makes up about 4.3% of Atwood & Palmer Inc.'s portfolio, making the stock its biggest position. Atwood & Palmer Inc.'s holdings in Palantir Technologies were worth $61,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $27,000. HighMark Wealth Management LLC lifted its position 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. Sierra Ocean LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $31,000. Godsey & Gibb Inc. boosted its stake in shares of Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PLTR shares. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Wedbush set a $140.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Cantor Fitzgerald increased their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $86.30.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $51,545.44. The trade was a 99.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider now directly owns 702,786 shares in the company, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,816,925 shares of company stock worth $215,448,358. Company insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

NASDAQ PLTR traded up $2.21 on Friday, hitting $137.40. The stock had a trading volume of 93,318,005 shares, compared to its average volume of 80,799,461. The business's fifty day moving average price is $115.48 and its 200 day moving average price is $94.61. The stock has a market cap of $324.25 billion, a price-to-earnings ratio of 723.20, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $140.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period last year, the business posted $0.08 earnings per share. The firm's revenue was up 39.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.