Midwest Professional Planners LTD. Sells 10,514 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Midwest Professional Planners LTD. decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,881 shares of the company's stock after selling 10,514 shares during the quarter. Midwest Professional Planners LTD.'s holdings in Palantir Technologies were worth $1,087,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its stake in shares of Palantir Technologies by 90.2% in the first 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. Richardson Capital Management LLC bought a new stake in Palantir Technologies in the first quarter valued at approximately $33,000. Atlantic Edge Private Wealth Management LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 125 shares during the last quarter. Godsey & Gibb Inc. boosted its holdings in Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after acquiring an additional 370 shares during the last quarter. Finally, Arlington Trust Co LLC boosted its holdings in Palantir Technologies by 542.9% in the first quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock valued at $38,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of the 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 sale, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 sale, the director directly owned 62,887 shares in the company, valued at $8,779,654.07. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,452,297 shares of company stock valued at $186,222,373. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

PLTR stock traded down $0.57 during midday trading on Tuesday, hitting $148.58. The stock had a trading volume of 58,926,247 shares, compared to its average volume of 83,360,061. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $150.57. The firm has a market cap of $350.64 billion, a price-to-earnings ratio of 1,242.92, a price-to-earnings-growth ratio of 12.73 and a beta of 2.59. The business has a 50-day moving average of $131.31 and a two-hundred day moving average of $104.45.

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

Analyst Ratings Changes

Several analysts recently commented on the company. Wedbush set a $160.00 target price on Palantir Technologies in a report on Thursday, July 10th. The Goldman Sachs Group increased their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Mizuho increased their price target on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday, June 11th. Cantor Fitzgerald increased their target price on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $90.37.

Palantir Technologies Company 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.