Dale Q Rice Investment Management Ltd Sells 2,776 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Dale Q Rice Investment Management Ltd lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 50.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,776 shares of the company's stock after selling 2,776 shares during the quarter. Dale Q Rice Investment Management Ltd's holdings in Palantir Technologies were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Godsey & Gibb Inc. grew its holdings in 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 last quarter. First Command Advisory Services Inc. acquired a new position in Palantir Technologies in the 4th quarter valued at $34,000. Summit Securities Group LLC bought a new position in Palantir Technologies in the 4th quarter worth $34,000. Fairfield Financial Advisors LTD acquired a new position in Palantir Technologies during the 4th quarter worth $35,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Palantir Technologies during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider now owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 17,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $129.29, for a total value of $2,197,930.00. Following the completion of the sale, the director now owns 12,562 shares of the company's stock, valued at approximately $1,624,140.98. This trade represents a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,925 shares of company stock worth $188,456,658 over the last ninety days. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PLTR shares. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. 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 report on Tuesday, May 6th. Morgan Stanley increased their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Citigroup upped their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Five 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 data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and an average price target of $89.32.

Palantir Technologies Trading Down 1.9%

NASDAQ PLTR opened at $137.30 on Friday. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $144.86. The company has a market capitalization of $324.02 billion, a price-to-earnings ratio of 596.96, a PEG ratio of 11.95 and a beta of 2.64. The stock's 50 day moving average is $120.65 and its two-hundred day moving average is $97.09.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting 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%. Palantir Technologies's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, analysts predict 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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