Invictus Private Wealth LLC Has $1.09 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Invictus Private Wealth LLC reduced its stake in Palantir Technologies by 18.9%, holding 12,891 shares worth approximately $1.09 million.
• Palantir Technologies reported earnings of $0.13 per share for the last quarter, meeting analysts' expectations, with revenues rising 39.4% year-over-year to $883.86 million.
• Insiders have recently sold a total of 1.5 million shares of Palantir Technologies, with notable sales from executives totaling over $191 million in value.

Invictus Private Wealth LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,891 shares of the company's stock after selling 3,009 shares during the quarter. Invictus Private Wealth LLC's holdings in Palantir Technologies were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock worth $1,473,913,000 after buying an additional 3,299,779 shares during the period. FMR LLC lifted its position in shares of Palantir Technologies by 22.6% during the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after buying an additional 2,818,090 shares during the period. Invesco Ltd. lifted its position in shares of Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after buying an additional 3,509,311 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Palantir Technologies by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 13,031,532 shares of the company's stock worth $1,099,861,000 after buying an additional 187,860 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Palantir Technologies by 3.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,532,241 shares of the company's stock worth $796,553,000 after buying an additional 344,127 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the transaction, the director directly owned 62,887 shares of the company's stock, valued at approximately $8,779,654.07. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,485,632 shares of company stock valued at $191,222,623 over the last quarter. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Down 2.6%

Shares of Palantir Technologies stock traded down $4.08 during trading on Friday, reaching $154.27. 60,986,881 shares of the company were exchanged, compared to its average volume of 52,655,748. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $160.89. The business has a 50-day moving average price of $140.37 and a 200-day moving average price of $111.96. The firm has a market capitalization of $364.06 billion, a price-to-earnings ratio of 670.74, a P/E/G ratio of 13.50 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period in the previous year, the firm earned $0.08 earnings per share. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLTR. The Goldman Sachs Group raised their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Morgan Stanley raised their target price 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. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Loop Capital lifted their price objective on Palantir Technologies from $155.00 to $178.00 and gave the company a "buy" rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $96.45.

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.