NTV Asset Management LLC Has $11.82 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

NTV Asset Management LLC trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,066 shares of the company's stock after selling 29,497 shares during the quarter. Palantir Technologies accounts for 1.6% of NTV Asset Management LLC's investment portfolio, making the stock its 9th largest holding. NTV Asset Management LLC's holdings in Palantir Technologies were worth $11,822,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $33,000. Atlantic Edge Private Wealth Management LLC grew its holdings in Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after buying an additional 125 shares in the last quarter. Godsey & Gibb Inc. grew its stake in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares during the period. Arlington Trust Co LLC grew its stake in Palantir Technologies by 542.9% in the 1st quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock valued at $38,000 after purchasing an additional 380 shares during the period. Finally, Summit Securities Group LLC bought a new position in Palantir Technologies in the 4th quarter valued at $34,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 35,480 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 $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 represents a 8.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 358,982 shares of the 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 $45,371,734.98. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,451,497 shares of company stock worth $186,110,685. 9.23% of the stock is owned by company insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $3.42 during trading hours on Wednesday, hitting $143.13. The company had a trading volume of 68,255,104 shares, compared to its average volume of 83,069,071. The company has a market capitalization of $337.77 billion, a PE ratio of 622.30, a price-to-earnings-growth ratio of 11.93 and a beta of 2.59. The stock has a 50-day moving average price of $129.43 and a 200 day moving average price of $102.55. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $148.22.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PLTR shares. Morgan Stanley increased their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, UBS Group reissued a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $89.32.

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.