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Decker Retirement Planning Inc. Sells 40,435 Shares of Palantir Technologies Inc. $PLTR

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Key Points

  • Decker Retirement Planning cut its stake in Palantir by 65.9%, selling 40,435 shares and leaving it with 20,891 shares worth $3.71 million (about 1.8% of the firm's portfolio).
  • Insiders have been heavy sellers: Stephen A. Cohen sold 327,088 shares (~$43.7M) and insiders disposed of 1,029,879 shares (~$137.7M) in the last quarter, leaving insiders with about 12.93% ownership.
  • Fundamentals and outlook are mixed: Palantir posted a strong quarter (revenue up 70% and an EPS beat), but the stock trades at a high P/E (~215) amid divergent analyst views, headline-driven sentiment and competitive risk from players like Anthropic.
  • MarketBeat previews top five stocks to own in May.

Decker Retirement Planning Inc. lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,891 shares of the company's stock after selling 40,435 shares during the quarter. Palantir Technologies comprises approximately 1.8% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 19th largest holding. Decker Retirement Planning Inc.'s holdings in Palantir Technologies were worth $3,713,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bare Financial Services Inc grew its position in Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after purchasing an additional 55 shares during the period. Financial Consulate Inc. acquired a new stake in Palantir Technologies in the 3rd quarter valued at $30,000. Retirement Wealth Solutions LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at $31,000. United Financial Planning Group LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at $32,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in Palantir Technologies in the 3rd quarter valued at $32,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 327,088 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the sale, the insider owned 592 shares of the company's stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares of the company's stock, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,029,879 shares of company stock worth $137,746,253 in the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $135.63 on Wednesday. The stock has a market capitalization of $324.38 billion, a price-to-earnings ratio of 215.29, a PEG ratio of 2.62 and a beta of 1.68. Palantir Technologies Inc. has a one year low of $89.31 and a one year high of $207.52. The business's fifty day moving average is $143.21 and its 200-day moving average is $165.65.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business's revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PLTR. Weiss Ratings downgraded shares of Palantir Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, January 15th. Citigroup raised their price objective on Palantir Technologies from $235.00 to $260.00 and gave the company a "buy" rating in a research note on Tuesday, February 3rd. Phillip Securities dropped their price objective on Palantir Technologies from $208.00 to $190.00 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Robert W. Baird upgraded Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective on the stock in a research note on Tuesday, February 3rd. Finally, Zacks Research cut Palantir Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $197.32.

View Our Latest Stock Analysis on PLTR

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir's product portfolio centers on a small number of core platforms.

See Also

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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