Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Trimmed by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 98,383 shares of the company's stock after selling 2,199 shares during the period. Axxcess Wealth Management LLC's holdings in Palantir Technologies were worth $8,304,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $33,000. Cornerstone Planning Group LLC boosted its holdings in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $34,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the last quarter. Finally, Godsey & Gibb Inc. boosted its holdings in shares of Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after purchasing an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, Director Eric H. Woersching sold 10,214 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the sale, the director directly owned 2,348 shares of the company's stock, valued at approximately $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total value of $4,510,558.85. Following the sale, the insider directly owned 363,755 shares in the company, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,451,497 shares of company stock valued at $186,110,685. Company insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

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

Palantir Technologies Trading Down 0.4%

Shares of PLTR traded down $0.63 during midday trading on Thursday, reaching $142.50. 64,227,973 shares of the company were exchanged, compared to its average volume of 83,153,909. The stock has a 50-day moving average price of $130.45 and a 200-day moving average price of $103.25. The company has a market cap of $336.29 billion, a price-to-earnings ratio of 619.57, a P/E/G ratio of 12.22 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share 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.