Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,462 shares of the company's stock after selling 17,301 shares during the period. Palantir Technologies comprises about 7.6% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 3rd biggest holding. Gunderson Capital Management Inc.'s holdings in Palantir Technologies were worth $11,771,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Mather Group LLC. increased its holdings in shares of Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after acquiring an additional 448 shares in the last quarter. Sage Advisors LLC bought a new position in Palantir Technologies in the fourth quarter worth approximately $369,000. Hodges Capital Management Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $16,556,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Palantir Technologies by 13.0% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 247,585 shares of the company's stock worth $18,725,000 after buying an additional 28,534 shares in the last quarter. Finally, MGB Wealth Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $278,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares of the company's stock, valued at $15,993,370.71. The trade was a 3.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Buckley sold 1,708 shares of the business'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 $215,874.12. Following the completion of the sale, the insider now directly owns 34,468 shares of the company's stock, valued at $4,356,410.52. The trade was a 4.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,901,701 shares of company stock valued at $370,407,533 in the last three months. 9.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on PLTR. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Robert W. Baird increased their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. 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. Finally, Loop Capital raised their price objective on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Stock Performance

Shares of PLTR traded up $1.13 during mid-day trading on Tuesday, hitting $133.17. 90,937,653 shares of the company were exchanged, compared to its average volume of 79,011,033. The stock has a market cap of $314.27 billion, a price-to-earnings ratio of 700.93, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a 1-year low of $21.01 and a 1-year high of $135.22. The company has a 50 day moving average of $106.69 and a 200-day moving average of $90.74.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. Research analysts anticipate 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.