Lion Street Advisors LLC Sells 3,641 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Lion Street Advisors LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 24.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,196 shares of the company's stock after selling 3,641 shares during the period. Lion Street Advisors LLC's holdings in Palantir Technologies were worth $945,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in shares of Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Northern Trust Corp raised its holdings in Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares during the period. Norges Bank bought a new stake in Palantir Technologies in the fourth quarter worth $1,360,191,000. FMR LLC boosted its stake in Palantir Technologies by 22.6% during the fourth 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. Finally, Invesco Ltd. boosted its stake in Palantir Technologies by 31.2% during the fourth 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. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider now directly owns 702,786 shares in the company, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eric H. Woersching sold 17,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director now owns 12,562 shares of the company's stock, valued at $1,624,140.98. This represents a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,506,925 shares of company stock valued at $188,456,658. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Down 2.3%

Shares of NASDAQ PLTR opened at $138.20 on Wednesday. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $144.86. The firm has a market cap of $326.14 billion, a PE ratio of 600.87, a price-to-earnings-growth ratio of 11.93 and a beta of 2.64. The business has a fifty day simple moving average of $117.68 and a two-hundred day simple moving average of $95.83.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLTR shares. Mizuho increased their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research note on Wednesday, June 11th. Citigroup increased their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Cantor Fitzgerald increased their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target 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.

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