Fairvoy Private Wealth LLC Sells 18,566 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Fairvoy Private Wealth LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 54.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,833 shares of the company's stock after selling 18,566 shares during the period. Fairvoy Private Wealth LLC's holdings in Palantir Technologies were worth $1,336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $27,000. HighMark Wealth Management LLC boosted its position in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $31,000. First Command Advisory Services Inc. bought a new stake in shares of Palantir Technologies during the fourth quarter worth $34,000. Finally, Summit Securities Group LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $34,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 1.3%

NASDAQ:PLTR traded up $1.76 during trading hours on Wednesday, reaching $139.96. The company had a trading volume of 58,016,031 shares, compared to its average volume of 80,989,963. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $144.86. The firm has a market cap of $330.29 billion, a price-to-earnings ratio of 608.52, a P/E/G ratio of 11.93 and a beta of 2.64. The business's 50-day simple moving average is $117.68 and its two-hundred day simple moving average is $95.83.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its 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 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the company posted $0.08 EPS. The firm's revenue was up 39.4% compared to the same quarter last year. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PLTR shares. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. UBS Group boosted their price target on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Morgan Stanley raised their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Citigroup upped their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $89.32.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 309,696 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the transaction, the insider now directly owns 592 shares in the company, valued at $74,822.88. This represents a 99.81% 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 in the last ninety days. Corporate insiders own 9.23% of the company's stock.

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.