GraniteShares Advisors LLC Has $1.45 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

GraniteShares Advisors LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,170 shares of the company's stock after selling 2,813 shares during the period. GraniteShares Advisors LLC's holdings in Palantir Technologies were worth $1,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $27,000. HighMark Wealth Management LLC lifted its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $31,000. First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $34,000. Finally, Summit Securities Group LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider now owns 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 310,000 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.07, for a total value of $26,991,700.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $51,545.44. This represents a 99.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,816,925 shares of company stock worth $215,448,358 in the last three months. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock traded up $2.21 during trading hours on Friday, hitting $137.40. The company had a trading volume of 93,318,005 shares, compared to its average volume of 81,017,198. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $140.00. The firm has a market capitalization of $324.25 billion, a price-to-earnings ratio of 723.20, a PEG ratio of 10.84 and a beta of 2.64. The firm's fifty day moving average is $115.48 and its 200 day moving average is $94.81.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million for 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 was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. UBS Group boosted their price objective on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Loop Capital boosted their price objective on Palantir Technologies from $130.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday. Citigroup boosted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley boosted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Wedbush set a $140.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $86.30.

About Palantir Technologies

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.