Brown Lisle Cummings Inc. Sells 1,828 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Brown Lisle Cummings Inc. decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,422 shares of the company's stock after selling 1,828 shares during the period. Brown Lisle Cummings Inc.'s holdings in Palantir Technologies were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. bought a new stake in Palantir Technologies during the 4th quarter worth approximately $34,000. Summit Securities Group LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at $34,000. Fairfield Financial Advisors LTD acquired a new stake in Palantir Technologies during the 4th quarter valued at $35,000. Godsey & Gibb Inc. increased its holdings in Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Palantir Technologies during the 4th quarter valued at $36,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLTR. DA Davidson raised their price target on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. UBS Group raised their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Daiwa Capital Markets began coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target for the company. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Morgan Stanley raised their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $89.32.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 702,786 shares in the company, valued at approximately $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 have sold 1,506,925 shares of company stock worth $188,456,658. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 1.9%

NASDAQ:PLTR opened at $137.30 on Monday. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $144.86. The firm has a market capitalization of $324.02 billion, a P/E ratio of 596.96, a P/E/G ratio of 11.72 and a beta of 2.64. The stock's fifty day simple moving average is $120.65 and its 200-day simple moving average is $97.46.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's revenue was up 39.4% on a year-over-year basis. During the same period last year, the company earned $0.08 EPS. As a group, equities research analysts expect 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.

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