Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,272 shares of the company's stock after selling 2,275 shares during the period. OneAscent Financial Services LLC's holdings in Palantir Technologies were worth $614,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in Palantir Technologies by 15.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after purchasing an additional 6,479 shares during the period. Pitcairn Co. purchased a new position in Palantir Technologies in the fourth quarter worth $281,000. Sagespring Wealth Partners LLC raised its position in shares of Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock worth $2,030,000 after purchasing an additional 6,405 shares during the last quarter. CX Institutional purchased a new position in shares of Palantir Technologies during the 1st quarter worth approximately $62,000. Finally, Bessemer Group Inc. grew its position in Palantir Technologies by 13.6% during the 1st quarter. Bessemer Group Inc. now owns 25,414 shares of the company's stock worth $2,145,000 after purchasing an additional 3,050 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $151.79 on Tuesday. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $155.68. The stock has a market capitalization of $358.21 billion, a P/E ratio of 659.96, a PEG ratio of 13.11 and a beta of 2.59. The stock has a 50-day simple moving average of $134.33 and a 200 day simple moving average of $106.57.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 39,825 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $810,271,540.26. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction dated 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 directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,485,632 shares of company stock worth $191,222,623. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price on the stock. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Finally, Citigroup raised their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $91.37.

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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