Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Callan Family Office LLC

Callan Family Office LLC lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 13,222 shares of the company's stock after selling 4,980 shares during the quarter. Callan Family Office LLC's holdings in Palantir Technologies were worth $1,116,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Nuveen LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $520,232,000. Goldman Sachs Group Inc. lifted its holdings in shares of Palantir Technologies by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock valued at $1,281,205,000 after buying an additional 4,221,392 shares during the period. Capital World Investors acquired a new position in shares of Palantir Technologies in the 4th quarter valued at about $253,816,000. Northern Trust Corp lifted its holdings in shares of Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Palantir Technologies by 20.3% in the 1st quarter. Invesco Ltd. now owns 17,746,956 shares of the company's stock valued at $1,497,843,000 after buying an additional 2,998,716 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $175.00, for a total value of $5,250,000.00. Following the completion of the sale, the insider owned 363,755 shares of the company's stock, valued at approximately $63,657,125. This trade represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,515,632 shares of company stock valued at $196,472,623. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $186.97 on Wednesday. The business's 50 day moving average price is $147.73 and its 200-day moving average price is $117.34. The firm has a market capitalization of $441.23 billion, a PE ratio of 623.25, a P/E/G ratio of 10.30 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $29.31 and a 1 year high of $190.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. The business's revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLTR. Wedbush set a $200.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, August 5th. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Piper Sandler set a $182.00 price objective on Palantir Technologies in a report on Tuesday, August 5th. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Palantir Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $136.61.

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.

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