Mutual of America Capital Management LLC Has $20.12 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Mutual of America Capital Management LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 238,343 shares of the company's stock after selling 7,186 shares during the quarter. Mutual of America Capital Management LLC's holdings in Palantir Technologies were worth $20,116,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Richardson Capital Management LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC grew its holdings in shares of Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after purchasing an additional 185 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $34,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the period. Finally, Godsey & Gibb Inc. grew its holdings in shares of Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In related news, insider David A. Glazer sold 30,812 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the completion of the transaction, the insider owned 495,497 shares of the company's stock, valued at $62,625,865.83. This trade represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 35,480 shares of the firm's stock in a transaction dated 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 directly owned 367,691 shares of the company's stock, valued at $46,472,465.49. This represents a 8.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,452,297 shares of company stock valued at $186,222,373. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLTR shares. Daiwa America upgraded Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Citigroup upped their price target on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wedbush set a $160.00 price target on Palantir Technologies in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Loop Capital set a $155.00 price target on Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $91.37.

Palantir Technologies Trading Up 1.6%

PLTR traded up $2.33 during trading on Wednesday, reaching $150.91. 57,528,091 shares of the company were exchanged, compared to its average volume of 83,257,337. The stock has a market cap of $356.13 billion, a P/E ratio of 656.13, a PEG ratio of 12.73 and a beta of 2.59. The firm has a 50 day moving average of $132.11 and a 200 day moving average of $104.76. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $151.41.

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 (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

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.