Kieckhefer Group LLC Cuts Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Kieckhefer Group LLC trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,610 shares of the company's stock after selling 4,005 shares during the period. Palantir Technologies accounts for 9.2% of Kieckhefer Group LLC's portfolio, making the stock its 2nd biggest position. Kieckhefer Group LLC's holdings in Palantir Technologies were worth $12,796,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Richardson Capital Management LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $33,000. Godsey & Gibb Inc. boosted its holdings in Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $34,000. Fairfield Financial Advisors LTD purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $35,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Palantir Technologies during the fourth quarter valued at $36,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 358,982 shares of the 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 directly owned 6,432,258 shares of the company's stock, valued at $812,973,088.62. This represents a 5.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 35,480 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $4,484,317.20. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 1,407,948 shares of company stock valued at $180,262,603 over the last three months. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 1.6%

NASDAQ PLTR traded up $2.11 on Thursday, reaching $134.23. The company had a trading volume of 41,671,416 shares, compared to its average volume of 82,648,738. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The firm's 50 day moving average price is $127.51 and its 200 day moving average price is $100.66. The stock has a market capitalization of $316.78 billion, a PE ratio of 583.80, a price-to-earnings-growth ratio of 11.16 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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 net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period last year, the company posted $0.08 EPS. The business's revenue was up 39.4% on a year-over-year basis. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of analyst reports. Morgan Stanley upped their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Mizuho raised their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given 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.