Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Leo Wealth LLC

Leo Wealth LLC decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 54.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,852 shares of the company's stock after selling 4,610 shares during the quarter. Leo Wealth LLC's holdings in Palantir Technologies were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cornerstone Planning Group LLC lifted its stake in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares during the last quarter. Richardson Capital Management LLC purchased a new position in Palantir Technologies in the first quarter worth approximately $33,000. Atlantic Edge Private Wealth Management LLC lifted its stake in Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Godsey & Gibb Inc. lifted its stake in Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares during the last quarter. Finally, Arlington Trust Co LLC lifted its stake in Palantir Technologies by 542.9% in the first quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock worth $38,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the stock a "buy" rating in a research note on Thursday, June 12th. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective on the stock. Finally, Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $90.37.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 35,480 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $4,484,317.20. Following the transaction, the insider directly owned 367,691 shares of the company's stock, valued at approximately $46,472,465.49. The trade was a 8.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 358,982 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,452,297 shares of company stock worth $186,222,373 in the last ninety days. Insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $149.15 on Tuesday. The firm's fifty day simple moving average is $131.31 and its 200-day simple moving average is $104.45. The stock has a market capitalization of $351.98 billion, a price-to-earnings ratio of 648.48, a PEG ratio of 12.13 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $149.58.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.

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