Surience Private Wealth LLC Cuts Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Surience Private Wealth LLC lessened its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 87.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,128 shares of the company's stock after selling 36,739 shares during the period. Palantir Technologies makes up about 0.8% of Surience Private Wealth LLC's holdings, making the stock its 19th largest position. Surience Private Wealth LLC's holdings in Palantir Technologies were worth $433,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. grew its stake 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 period. First Command Advisory Services Inc. acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $34,000. Summit Securities Group LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $34,000. Fairfield Financial Advisors LTD bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $35,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction dated 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 completion of the transaction, the insider now owns 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company's stock, valued at $33,382,558.80. The trade was a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock valued at $188,456,658 in the last quarter. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 9.4%

Palantir Technologies stock traded down $13.51 during midday trading on Friday, reaching $130.74. The stock had a trading volume of 200,764,922 shares, compared to its average volume of 82,409,392. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The firm's 50-day moving average price is $125.24 and its 200 day moving average price is $99.62. The firm has a market capitalization of $308.53 billion, a PE ratio of 568.43, a P/E/G ratio of 11.16 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting 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 in the previous year, the firm earned $0.08 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Loop Capital set a $155.00 price objective on Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Wedbush set a $140.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Daiwa Capital Markets initiated coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price on the stock. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies 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.