PFG Investments LLC Has $8.32 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

PFG Investments LLC lessened its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,606 shares of the company's stock after selling 3,343 shares during the period. PFG Investments LLC's holdings in Palantir Technologies were worth $8,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Command Advisory Services Inc. bought a new stake in Palantir Technologies in the fourth quarter worth approximately $34,000. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $34,000. Fairfield Financial Advisors LTD bought a new stake in shares of Palantir Technologies in the 4th quarter valued at $35,000. Godsey & Gibb Inc. lifted its position in shares of Palantir Technologies by 740.0% during the 1st 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. Finally, Runnymede Capital Advisors Inc. bought a new position in Palantir Technologies during the fourth quarter worth $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 1.9%

PLTR opened at $137.30 on Friday. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $144.86. The business's 50-day moving average price is $120.65 and its 200-day moving average price is $97.09. The company has a market cap of $324.02 billion, a P/E ratio of 596.96, a P/E/G ratio of 11.95 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, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during 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%. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the completion of the transaction, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. This trade represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was 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 now owns 702,786 shares in the company, valued at $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 ninety days, insiders sold 1,506,925 shares of company stock valued at $188,456,658. Company insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLTR shares. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target on the stock. 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. Mizuho raised their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 11th. Finally, Wedbush set a $140.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $89.32.

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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