FUKOKU MUTUAL LIFE INSURANCE Co Has $1.02 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,074 shares of the company's stock after selling 3,230 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co's holdings in Palantir Technologies were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sovran Advisors LLC increased its holdings in shares of Palantir Technologies by 1.8% during the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after buying an additional 94 shares in the last quarter. Lodestone Wealth Management LLC increased its holdings in shares of Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after buying an additional 97 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after buying an additional 98 shares in the last quarter. Kathmere Capital Management LLC grew its stake in shares of Palantir Technologies by 0.5% during the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after purchasing an additional 99 shares during the last quarter. Finally, Sierra Ocean LLC grew its stake in shares of Palantir Technologies by 26.6% during the first quarter. Sierra Ocean LLC now owns 523 shares of the company's stock valued at $44,000 after purchasing an additional 110 shares during the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the sale, the insider directly owned 363,755 shares in the company, valued at approximately $49,219,689.05. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eric H. Woersching sold 10,214 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the sale, the director owned 2,348 shares in the company, valued at approximately $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,452,297 shares of company stock valued at $186,222,373. 9.23% of the stock is owned by company insiders.

Palantir Technologies Price Performance

PLTR traded down $0.40 during mid-day trading on Friday, hitting $142.10. The stock had a trading volume of 52,005,962 shares, compared to its average volume of 83,116,240. The stock's fifty day simple moving average is $130.81 and its 200-day simple moving average is $103.66. The firm has a market capitalization of $335.34 billion, a price-to-earnings ratio of 617.83, a price-to-earnings-growth ratio of 12.16 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. Wedbush reissued an "outperform" rating on shares of Palantir Technologies in a research note on Thursday. Finally, Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $89.32.

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.