Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 400,353 shares of the company's stock after selling 17,603 shares during the period. Nisa Investment Advisors LLC's holdings in Palantir Technologies were worth $33,790,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Rehmann Capital Advisory Group grew its position in shares of Palantir Technologies by 2.2% during the 1st quarter. Rehmann Capital Advisory Group now owns 11,955 shares of the company's stock valued at $1,009,000 after acquiring an additional 257 shares during the period. Cornerstone Planning Group LLC grew its position in shares of 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 acquiring an additional 185 shares during the period. Linden Thomas Advisory Services LLC grew its position in shares of Palantir Technologies by 5.7% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 64,897 shares of the company's stock valued at $5,477,000 after acquiring an additional 3,500 shares during the period. Greenleaf Trust grew its position in shares of Palantir Technologies by 19.4% during the 1st quarter. Greenleaf Trust now owns 94,965 shares of the company's stock valued at $8,015,000 after acquiring an additional 15,426 shares during the period. Finally, New Insight Wealth Advisors grew its position in shares of Palantir Technologies by 9.1% during the 1st quarter. New Insight Wealth Advisors now owns 3,211 shares of the company's stock valued at $271,000 after acquiring an additional 268 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.3%

Shares of PLTR traded down $0.40 during trading on Friday, reaching $142.10. 52,005,962 shares of the company traded hands, compared to its average volume of 83,030,164. The stock has a 50-day simple moving average of $130.45 and a 200-day simple moving average of $103.25. The stock has a market cap of $335.34 billion, a PE ratio of 617.83, a price-to-earnings-growth ratio of 12.22 and a beta of 2.59. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million during 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%. The firm's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 309,696 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $39,142,477.44. Following the completion of the transaction, the insider directly owned 592 shares of the company's stock, valued at $74,822.88. The trade was a 99.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 30,812 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $3,894,328.68. Following the sale, the insider directly owned 495,497 shares in the company, valued at $62,625,865.83. This represents a 5.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,451,497 shares of company stock worth $186,110,685 over the last ninety days. Company insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PLTR shares. Wedbush reiterated an "outperform" rating on shares of Palantir Technologies in a report on Thursday. Morgan Stanley lifted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. DA Davidson lifted their price objective on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Citigroup lifted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $89.32.

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.