Greater Midwest Financial Group LLC Has $3.39 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Greater Midwest Financial Group LLC cut its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,199 shares of the company's stock after selling 8,826 shares during the quarter. Palantir Technologies accounts for 2.4% of Greater Midwest Financial Group LLC's portfolio, making the stock its 12th largest position. Greater Midwest Financial Group LLC's holdings in Palantir Technologies were worth $3,393,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC raised its holdings in Palantir Technologies by 20.5% in the first quarter. Diversify Wealth Management LLC now owns 13,953 shares of the company's stock valued at $1,178,000 after acquiring an additional 2,373 shares in the last quarter. Xponance Inc. raised its holdings in shares of Palantir Technologies by 7.2% during the first quarter. Xponance Inc. now owns 495,162 shares of the company's stock worth $41,792,000 after purchasing an additional 33,242 shares during the period. Fonville Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth $346,000. Kesler Norman & Wride LLC raised its holdings in shares of Palantir Technologies by 82.7% during the first quarter. Kesler Norman & Wride LLC now owns 25,013 shares of the company's stock worth $2,111,000 after purchasing an additional 11,322 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Palantir Technologies by 42.0% during the first quarter. Fidelis Capital Partners LLC now owns 40,146 shares of the company's stock worth $3,388,000 after purchasing an additional 11,874 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the transaction, the insider owned 592 shares of the company's stock, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 358,982 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $45,371,734.98. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $812,973,088.62. This trade represents a 5.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,451,497 shares of company stock valued at $186,110,685. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

PLTR traded down $0.40 during midday trading on Friday, hitting $142.10. 52,005,962 shares of the company's stock traded hands, compared to its average volume of 83,116,242. The company has a market cap of $335.34 billion, a PE ratio of 617.83, a price-to-earnings-growth ratio of 12.16 and a beta of 2.59. The stock's fifty day simple moving average is $130.81 and its 200-day simple moving average is $103.66. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data 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 net margin of 18.32% and a return on equity of 6.55%. The company's revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of research reports. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price on the stock. Wedbush reissued an "outperform" rating on shares of Palantir Technologies in a report on Thursday. DA Davidson increased their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Mizuho upped their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 11th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $89.32.

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.