Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Decreased by Greater Midwest Financial Group LLC

Greater Midwest Financial Group LLC cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,199 shares of the company's stock after selling 8,826 shares during the period. Palantir Technologies accounts for about 2.4% of Greater Midwest Financial Group LLC's investment 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 reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Diversify Wealth Management LLC raised its stake in shares of Palantir Technologies by 20.5% during the 1st quarter. Diversify Wealth Management LLC now owns 13,953 shares of the company's stock worth $1,178,000 after purchasing an additional 2,373 shares in the last quarter. Xponance Inc. raised its stake in shares of Palantir Technologies by 7.2% during the 1st quarter. Xponance Inc. now owns 495,162 shares of the company's stock worth $41,792,000 after purchasing an additional 33,242 shares in the last quarter. Fonville Wealth Management LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth about $346,000. Kesler Norman & Wride LLC raised its stake in shares of Palantir Technologies by 82.7% during the 1st 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 in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Palantir Technologies by 42.0% during the 1st 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 in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 0.4%

PLTR opened at $142.50 on Friday. The firm has a market capitalization of $336.29 billion, a P/E ratio of 619.57, a price-to-earnings-growth ratio of 12.22 and a beta of 2.59. The stock's 50 day moving average price is $130.45 and its two-hundred day moving average price is $103.25. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $148.22.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. 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. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective on the stock. Finally, UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four 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.

Insider Activity at Palantir Technologies

In other news, Director Eric H. Woersching sold 10,214 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the sale, the director owned 2,348 shares of the company's stock, valued at approximately $307,470.60. This trade represents a 81.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 3,418 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $430,565.46. Following the sale, the insider directly owned 492,079 shares in the company, valued at $61,987,191.63. The trade was a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,451,497 shares of company stock worth $186,110,685 in the last three months. Company insiders own 9.23% of the company's stock.

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.

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