Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,401 shares of the company's stock after selling 3,707 shares during the period. Mutual Advisors LLC's holdings in Palantir Technologies were worth $5,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth $450,000. Fisher Asset Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $647,000. SRS Capital Advisors Inc. raised its stake in shares of Palantir Technologies by 133.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 921 shares of the company's stock valued at $70,000 after buying an additional 526 shares during the last quarter. Exencial Wealth Advisors LLC lifted its holdings in shares of Palantir Technologies by 7.4% in the 4th quarter. Exencial Wealth Advisors LLC now owns 17,175 shares of the company's stock valued at $1,299,000 after buying an additional 1,189 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Palantir Technologies by 149.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,705,410 shares of the company's stock worth $128,980,000 after buying an additional 1,022,662 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

PLTR traded up $2.15 during midday trading on Friday, reaching $134.27. 41,812,483 shares of the company's stock were exchanged, compared to its average volume of 82,906,073. The business's 50-day moving average price is $128.04 and its 200 day moving average price is $101.06. The stock has a market capitalization of $316.85 billion, a PE ratio of 583.76, a P/E/G ratio of 11.28 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander C. Karp sold 358,982 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the transaction, the insider owned 6,432,258 shares of the company's stock, valued at $812,973,088.62. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 309,696 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $39,142,477.44. Following the completion of the transaction, the insider owned 592 shares in the company, valued at $74,822.88. The trade was a 99.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,451,497 shares of company stock worth $186,110,685 in the last three months. 9.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Mizuho lifted their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group restated a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Finally, Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.