Leeward Financial Partners LLC Has $632,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Leeward Financial Partners LLC reduced its stake in Palantir Technologies by 28.2%, selling 2,940 shares and leaving it with 7,491 shares valued at approximately $632,000.
• Palantir Technologies reported a quarterly EPS of $0.16, surpassing the consensus estimate of $0.14, with a year-over-year revenue increase of 48.0%.
• Multiple large investors have recently increased their holdings in Palantir, with Northern Trust Corp raising its position by 20.4% to own approximately 19.5 million shares worth around $1.47 billion.

Leeward Financial Partners LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 28.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,491 shares of the company's stock after selling 2,940 shares during the period. Leeward Financial Partners LLC's holdings in Palantir Technologies were worth $632,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mechanics Financial Corp bought a new position in shares of Palantir Technologies in the first quarter worth $25,000. Richardson Capital Management LLC bought a new position in Palantir Technologies in the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC increased its stake in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after buying an additional 185 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in shares of Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after buying an additional 125 shares in the last quarter. Finally, Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares during the period. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction 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 owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 30,812 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $3,894,328.68. Following the completion of the transaction, the insider directly owned 495,497 shares in the company, valued at $62,625,865.83. The trade was a 5.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,515,632 shares of company stock valued at $196,472,623 in the last three months. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 1.5%

Shares of PLTR traded up $2.66 during trading hours on Thursday, reaching $182.20. The company's stock had a trading volume of 77,586,531 shares, compared to its average volume of 60,547,432. The company has a 50 day moving average of $144.43 and a two-hundred day moving average of $114.82. The firm has a market cap of $429.98 billion, a price-to-earnings ratio of 607.35, a P/E/G ratio of 13.07 and a beta of 2.60. Palantir Technologies Inc. has a 1-year low of $26.69 and a 1-year high of $184.48.

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

Analyst Ratings Changes

A number of research firms recently commented on PLTR. Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday. Loop Capital lifted their price target on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday. Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and raised their target price for the company from $80.00 to $160.00 in a research note on Tuesday. Finally, Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $136.61.

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.