Fedenia Advisers LLC Sells 5,433 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Fedenia Advisers LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,796 shares of the company's stock after selling 5,433 shares during the period. Palantir Technologies makes up about 0.8% of Fedenia Advisers LLC's investment portfolio, making the stock its 27th largest position. Fedenia Advisers LLC's holdings in Palantir Technologies were worth $1,164,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the fourth quarter worth $450,000. Flputnam Investment Management Co. raised its stake in shares of Palantir Technologies by 3.4% in the 4th quarter. Flputnam Investment Management Co. now owns 8,686 shares of the company's stock valued at $657,000 after buying an additional 287 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth about $647,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $46,000. Finally, Norden Group LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $397,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on PLTR. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Loop Capital set a $155.00 price objective on Palantir Technologies and gave the stock a "buy" rating in a research note on Thursday, June 12th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Finally, William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $89.32.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 17,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the sale, the director directly owned 12,562 shares in the company, valued at $1,624,140.98. This trade represents a 57.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David A. Glazer sold 3,418 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $430,565.46. Following the transaction, the insider owned 492,079 shares in the company, valued at approximately $61,987,191.63. This trade represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,408,748 shares of company stock worth $180,327,603 in the last ninety days. Insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $1.44 during mid-day trading on Wednesday, hitting $132.12. The stock had a trading volume of 59,500,085 shares, compared to its average volume of 82,615,478. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22. The stock has a market cap of $311.79 billion, a price-to-earnings ratio of 574.43, a PEG ratio of 11.64 and a beta of 2.60. The company's 50 day simple moving average is $126.89 and its 200 day simple moving average is $100.44.

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, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period in the previous year, the company posted $0.08 EPS. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

About Palantir Technologies

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.