Privium Fund Management B.V. Has $30.60 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Privium Fund Management B.V. decreased its stake in Palantir Technologies Inc. by 2.7%, reducing its holdings to 360,000 shares, valued at $30.60 million.
• Wall Street analysts have mixed ratings on Palantir, with four analysts rating it as a sell, while 15 issued a hold rating and five designated it as a buy.
• For the most recent quarter, Palantir reported earnings of $0.13 per share and revenue of $883.86 million, marking a significant year-over-year revenue increase of 39.4%.

Privium Fund Management B.V. lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,000 shares of the company's stock after selling 10,000 shares during the period. Palantir Technologies makes up approximately 8.0% of Privium Fund Management B.V.'s investment portfolio, making the stock its 4th biggest holding. Privium Fund Management B.V.'s holdings in Palantir Technologies were worth $30,602,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the first quarter valued at about $25,000. Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies in the first quarter valued at about $33,000. Cornerstone Planning Group LLC raised its holdings 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 in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings 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 in the last quarter. Finally, Godsey & Gibb Inc. raised its holdings 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 in the last quarter. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLTR. UBS Group restated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. The Goldman Sachs Group upped their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wedbush set a $160.00 target price on Palantir Technologies in a report on Thursday, July 10th. Piper Sandler began coverage on Palantir Technologies in a report on Friday, July 25th. They set an "overweight" rating and a $170.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $96.45.

Palantir Technologies Trading Down 2.6%

Shares of PLTR stock opened at $154.27 on Friday. The business's fifty day simple moving average is $140.37 and its 200-day simple moving average is $111.96. The company has a market cap of $364.06 billion, a PE ratio of 670.74, a PEG ratio of 13.50 and a beta of 2.60. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $160.89.

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

Insider Activity

In other news, insider David A. Glazer sold 3,418 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $430,565.46. Following the sale, the insider directly owned 492,079 shares of the company's stock, valued at $61,987,191.63. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the sale, the director directly owned 62,887 shares in the company, valued at $8,779,654.07. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,485,632 shares of company stock valued at $191,222,623. 9.23% of the stock is owned by corporate insiders.

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.

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