Yarbrough Capital LLC Has $4.94 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Yarbrough Capital LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 46.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,562 shares of the company's stock after selling 49,843 shares during the period. Yarbrough Capital LLC's holdings in Palantir Technologies were worth $4,943,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PLTR. Roxbury Financial LLC acquired a new position in Palantir Technologies during the 4th quarter valued at approximately $27,000. HighMark Wealth Management LLC lifted its stake in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $31,000. First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies during the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter worth about $34,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $85.30, for a total value of $106,625,000.00. Following the transaction, the insider now owns 592 shares in the company, valued at $50,497.60. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction dated 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 owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. This represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,894,925 shares of company stock worth $369,820,528. 9.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on PLTR shares. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Cantor Fitzgerald boosted their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. UBS Group raised their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.95.

Palantir Technologies Stock Up 3.4%

Shares of Palantir Technologies stock traded up $4.34 during trading on Monday, hitting $132.06. The stock had a trading volume of 74,479,178 shares, compared to its average volume of 80,040,426. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $135.28. The stock has a 50 day simple moving average of $110.01 and a 200 day simple moving average of $92.58. The company has a market capitalization of $311.65 billion, a PE ratio of 695.09, a P/E/G ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its 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. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company's revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal 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.