Palantir Technologies Inc. (NASDAQ:PLTR) is Benningfield Financial Advisors LLC's 4th Largest Position

Benningfield Financial Advisors LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 20.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,440 shares of the company's stock after selling 42,600 shares during the period. Palantir Technologies comprises 13.6% of Benningfield Financial Advisors LLC's investment portfolio, making the stock its 4th largest position. Benningfield Financial Advisors LLC's holdings in Palantir Technologies were worth $14,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $450,000. Sei Investments Co. increased its stake in shares of Palantir Technologies by 7.1% during the fourth quarter. Sei Investments Co. now owns 356,878 shares of the company's stock valued at $26,991,000 after buying an additional 23,549 shares during the period. Congress Wealth Management LLC DE purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $648,000. EntryPoint Capital LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $425,000. Finally, Modern Wealth Management LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $576,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the stock in a transaction dated 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 transaction, the insider owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 35,480 shares of the 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 completion of the transaction, the insider directly owned 367,691 shares in the company, valued at approximately $46,472,465.49. This represents a 8.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock valued at $191,222,623 in the last 90 days. Insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

PLTR stock traded up $3.94 during trading on Friday, hitting $158.80. 57,707,820 shares of the stock traded hands, compared to its average volume of 64,807,624. The stock has a market cap of $374.75 billion, a price-to-earnings ratio of 1,290.50, a price-to-earnings-growth ratio of 13.22 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $160.39. The firm's 50 day moving average is $136.44 and its two-hundred day moving average is $108.24.

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, meeting analysts' consensus estimates 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 period in the prior year, the company posted $0.08 earnings per share. The company's quarterly revenue was up 39.4% on a year-over-year basis. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PLTR. Morgan Stanley boosted their target price on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. DA Davidson lifted their price target on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Loop Capital set a $155.00 price target on Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $95.30.

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.