Global Trust Asset Management LLC Has $3.32 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Global Trust Asset Management LLC lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 15.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 39,285 shares of the company's stock after selling 7,241 shares during the period. Palantir Technologies makes up approximately 2.0% of Global Trust Asset Management LLC's holdings, making the stock its 11th largest position. Global Trust Asset Management LLC's holdings in Palantir Technologies were worth $3,316,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PLTR. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $27,000. HighMark Wealth Management LLC raised its stake in shares of 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 purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $31,000. Godsey & Gibb Inc. raised its stake in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In other news, insider Alexander C. Karp sold 358,982 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company's stock, valued at $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company's stock, valued at $33,382,558.80. This represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock valued at $188,456,658 in the last quarter. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Cantor Fitzgerald increased their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Mizuho raised their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday, June 11th. DA Davidson raised their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Stock Performance

PLTR traded up $1.76 during trading on Wednesday, reaching $139.96. 58,100,428 shares of the company's stock were exchanged, compared to its average volume of 81,096,948. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $144.86. The company's fifty day moving average price is $117.68 and its 200-day moving average price is $95.83. The firm has a market capitalization of $330.29 billion, a PE ratio of 608.52, a P/E/G ratio of 11.66 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million during 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%. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company 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.