Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,658 shares of the company's stock after selling 1,960 shares during the period. OneAscent Wealth Management LLC's holdings in Palantir Technologies were worth $393,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Mechanics Financial Corp purchased a new position in Palantir Technologies during the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC grew its holdings in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after buying an additional 185 shares in the last quarter. Richardson Capital Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at about $33,000. Atlantic Edge Private Wealth Management LLC grew its holdings in Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after buying an additional 125 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Palantir Technologies by 118.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock valued at $35,000 after buying an additional 224 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 309,696 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was 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 directly owned 592 shares of the company's stock, valued at approximately $74,822.88. The trade was a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock worth $191,222,623 over the last quarter. 12.93% of the stock is owned by insiders.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. Wedbush set a $160.00 price objective on Palantir Technologies in a report on Thursday, July 10th. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Citigroup boosted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group boosted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $91.37.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded down $2.72 during trading hours on Tuesday, reaching $149.07. The stock had a trading volume of 49,682,883 shares, compared to its average volume of 83,138,625. The stock has a market capitalization of $351.79 billion, a PE ratio of 648.13, a PEG ratio of 13.11 and a beta of 2.59. The company has a 50 day moving average price of $134.33 and a two-hundred day moving average price of $106.57. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $155.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the previous year, the company posted $0.08 EPS. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.