Palantir Technologies Inc. (NASDAQ:PLTR) Stake Reduced by United Advisor Group LLC

United Advisor Group LLC reduced its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,497 shares of the company's stock after selling 11,528 shares during the quarter. Palantir Technologies comprises approximately 1.5% of United Advisor Group LLC's holdings, making the stock its 12th largest position. United Advisor Group LLC's holdings in Palantir Technologies were worth $7,300,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Palantir Technologies during the 4th quarter worth $31,000. Godsey & Gibb Inc. grew its stake in Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares during the last quarter. First Command Advisory Services Inc. bought a new position in Palantir Technologies during the 4th quarter worth $34,000. Summit Securities Group LLC acquired a new position in Palantir Technologies during the 4th quarter worth $34,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Palantir Technologies during the 4th quarter worth $35,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Mizuho boosted their price target on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 11th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. DA Davidson upped their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, UBS Group upped their price objective on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $89.32.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric H. Woersching sold 17,000 shares of the company's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $129.29, for a total value of $2,197,930.00. Following the sale, the director now owns 12,562 shares of the company's stock, valued at approximately $1,624,140.98. This trade represents a 57.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,925 shares of company stock valued at $188,456,658 in the last three months. Insiders own 9.23% of the company's stock.

Palantir Technologies Trading Up 1.3%

NASDAQ:PLTR opened at $139.96 on Thursday. The firm has a market capitalization of $330.29 billion, a price-to-earnings ratio of 608.52, a PEG ratio of 11.66 and a beta of 2.64. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $144.86. The business's fifty day moving average price is $118.64 and its 200 day moving average price is $96.13.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $883.86 million for 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%. Palantir Technologies's quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. Equities analysts forecast 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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