Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Keybank National Association OH

Keybank National Association OH cut its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,737 shares of the company's stock after selling 5,380 shares during the period. Keybank National Association OH's holdings in Palantir Technologies were worth $2,088,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Richardson Capital Management LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $33,000. Summit Securities Group LLC bought a new position in Palantir Technologies during the fourth quarter valued at $34,000. Fairfield Financial Advisors LTD purchased a new position in shares of Palantir Technologies in the 4th quarter worth $35,000. Godsey & Gibb Inc. increased its holdings in shares of Palantir Technologies by 740.0% in the 1st 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. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $36,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR traded up $2.15 on Friday, hitting $134.27. The company had a trading volume of 41,812,483 shares, compared to its average volume of 82,906,073. The stock has a market capitalization of $316.85 billion, a price-to-earnings ratio of 583.76, a P/E/G ratio of 11.47 and a beta of 2.59. The stock has a fifty day moving average price of $128.47 and a 200-day moving average price of $101.48. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $148.22.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 309,696 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 transaction of $39,142,477.44. Following the transaction, the insider owned 592 shares in the company, valued at $74,822.88. This represents a 99.81% 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, insider Ryan D. Taylor sold 35,480 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $4,484,317.20. Following the completion of the sale, the insider owned 367,691 shares of the company's stock, valued at $46,472,465.49. This trade represents a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,451,497 shares of company stock valued at $186,110,685. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. Mizuho boosted their price objective on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 11th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Citigroup boosted their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $89.32.

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.