GTS Securities LLC Has $1.42 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

GTS Securities LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 88.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,826 shares of the company's stock after selling 140,139 shares during the period. GTS Securities LLC's holdings in Palantir Technologies were worth $1,424,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new stake in Palantir Technologies in the fourth quarter worth $289,000. Advisory Alpha LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth about $362,000. Daymark Wealth Partners LLC increased its stake in shares of Palantir Technologies by 38.1% in the 4th quarter. Daymark Wealth Partners LLC now owns 9,680 shares of the company's stock worth $732,000 after acquiring an additional 2,670 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Palantir Technologies by 5.5% during the 4th quarter. Wesbanco Bank Inc. now owns 9,600 shares of the company's stock valued at $726,000 after acquiring an additional 500 shares during the period. Finally, Mutual Advisors LLC boosted its stake in Palantir Technologies by 22.8% during the fourth quarter. Mutual Advisors LLC now owns 63,108 shares of the company's stock worth $4,370,000 after acquiring an additional 11,710 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 1.0%

Palantir Technologies stock traded up $1.29 during mid-day trading on Wednesday, reaching $124.68. The company's stock had a trading volume of 39,486,369 shares, compared to its average volume of 77,759,129. The firm has a market cap of $292.41 billion, a price-to-earnings ratio of 656.49, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a twelve month low of $20.64 and a twelve month high of $133.49. The business has a 50 day moving average price of $104.13 and a 200-day moving average price of $88.73.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The firm's revenue was up 39.4% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Mizuho raised their price objective on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $83.95.

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 358,982 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $45,371,734.98. Following the sale, the insider now owns 6,432,258 shares of the company's stock, valued at $812,973,088.62. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,901,701 shares of company stock worth $370,407,533. Corporate insiders own 9.23% of the company's stock.

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.