Guided Capital Wealth Management LLC Sells 14,363 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Guided Capital Wealth Management LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,217 shares of the company's stock after selling 14,363 shares during the quarter. Palantir Technologies makes up approximately 2.6% of Guided Capital Wealth Management LLC's holdings, making the stock its 13th biggest position. Guided Capital Wealth Management LLC's holdings in Palantir Technologies were worth $3,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $31,000. Godsey & Gibb Inc. increased its holdings in Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Palantir Technologies during the fourth quarter worth $34,000. Summit Securities Group LLC bought a new stake in Palantir Technologies during the fourth quarter worth $34,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Palantir Technologies in the fourth quarter valued at $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $1.76 during mid-day trading on Thursday, reaching $139.96. 58,100,428 shares of the company's stock were exchanged, compared to its average volume of 81,096,965. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $144.86. The business's fifty day simple moving average is $118.64 and its two-hundred day simple moving average is $96.13. The firm has a market capitalization of $330.29 billion, a PE ratio of 608.52, a price-to-earnings-growth ratio of 11.66 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same period last year, the firm earned $0.08 earnings per share. The business's revenue for the quarter was up 39.4% on a year-over-year basis. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 358,982 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $812,973,088.62. This represents a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider now directly owns 702,786 shares in the company, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock valued at $188,456,658 over the last 90 days. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 11th. Morgan Stanley boosted their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Citigroup lifted their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $89.32.

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.