Decker Retirement Planning Inc. Sells 23,891 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Decker Retirement Planning Inc. reduced its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 53.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,019 shares of the company's stock after selling 23,891 shares during the quarter. Palantir Technologies makes up about 1.1% of Decker Retirement Planning Inc.'s portfolio, making the stock its 17th biggest holding. Decker Retirement Planning Inc.'s holdings in Palantir Technologies were worth $1,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in shares of Palantir Technologies by 15.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after acquiring an additional 6,479 shares during the period. Pitcairn Co. bought a new stake in Palantir Technologies in the 4th quarter valued at $281,000. Sagespring Wealth Partners LLC boosted its stake in Palantir Technologies by 36.3% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after purchasing an additional 6,405 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Palantir Technologies in the 4th quarter valued at $52,033,000. Finally, CX Institutional acquired a new position in Palantir Technologies in the 1st quarter valued at $62,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $13.51 on Friday, hitting $130.74. The company had a trading volume of 200,764,922 shares, compared to its average volume of 82,409,392. The stock has a market capitalization of $308.53 billion, a price-to-earnings ratio of 1,089.50, a P/E/G ratio of 11.16 and a beta of 2.64. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22. The stock has a 50 day moving average of $125.24 and a 200-day moving average of $99.62.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PLTR shares. UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a report on Wednesday. Morgan Stanley lifted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. 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 report on Wednesday, June 11th. Finally, Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $89.32.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the sale, the insider now directly owns 403,171 shares of the company's stock, valued at $33,382,558.80. The trade was a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock valued at $188,456,658 over the last ninety days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Company 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.