Impact Partnership Wealth LLC Has $488,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Impact Partnership Wealth LLC cut its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 31.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,784 shares of the company's stock after selling 2,709 shares during the period. Impact Partnership Wealth LLC's holdings in Palantir Technologies were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PLTR. Norges Bank purchased a new stake in Palantir Technologies in the 4th quarter worth $1,360,191,000. Geode Capital Management LLC boosted its stake in shares of Palantir Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after acquiring an additional 4,127,306 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after purchasing an additional 3,907,022 shares in the last quarter. Invesco Ltd. raised its stake in Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after purchasing an additional 3,509,311 shares during the last quarter. Finally, Capital World Investors purchased a new position in Palantir Technologies in the 4th quarter valued at $253,816,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the transaction, the insider owned 363,755 shares of the company's stock, valued at $54,563,250. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the sale, the director owned 62,887 shares of the company's stock, valued at approximately $8,779,654.07. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock worth $191,222,623 in the last quarter. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Down 0.3%

PLTR stock traded down $0.47 on Friday, reaching $153.52. 45,673,387 shares of the company's stock were exchanged, compared to its average volume of 83,425,650. The stock has a fifty day moving average of $134.33 and a 200-day moving average of $106.36. The firm has a market cap of $362.29 billion, a PE ratio of 667.48, a P/E/G ratio of 13.11 and a beta of 2.59. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $155.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research analyst reports. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $116.00 to $135.00 in a research report on Wednesday. DA Davidson lifted their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Morgan Stanley boosted their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $91.37.

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.