Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Private Wealth Management Group LLC

Private Wealth Management Group LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 23.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,437 shares of the company's stock after selling 18,496 shares during the quarter. Palantir Technologies accounts for about 1.9% of Private Wealth Management Group LLC's portfolio, making the stock its 16th largest position. Private Wealth Management Group LLC's holdings in Palantir Technologies were worth $5,016,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Cornerstone Planning Group LLC raised its stake in shares of Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after acquiring an additional 185 shares during the period. Richardson Capital Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at $33,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after acquiring an additional 125 shares during the period. Godsey & Gibb Inc. raised its stake in shares of 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. Finally, Arlington Trust Co LLC raised its stake in shares of Palantir Technologies by 542.9% in the first quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock valued at $38,000 after acquiring an additional 380 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 1.6%

PLTR traded up $2.33 on Wednesday, hitting $150.91. 57,528,091 shares of the company's stock were exchanged, compared to its average volume of 83,353,255. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $151.41. The firm has a 50-day moving average price of $132.11 and a 200-day moving average price of $104.76. The stock has a market cap of $356.13 billion, a price-to-earnings ratio of 656.13, a P/E/G ratio of 12.73 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the previous year, the company posted $0.08 EPS. The firm's quarterly revenue was up 39.4% on a year-over-year basis. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on PLTR. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the stock a "buy" rating in a research note on Thursday, June 12th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Morgan Stanley raised their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Finally, Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus target price of $91.37.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 10,214 shares of Palantir Technologies stock in a transaction on Tuesday, July 1st. The shares were 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 $307,470.60. The trade was a 81.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the transaction, the director directly owned 62,887 shares in the company, valued at approximately $8,779,654.07. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,452,297 shares of company stock worth $186,222,373 over the last 90 days. Corporate insiders own 9.23% of the company's stock.

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.