Sentinel Trust Co. LBA Decreases Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Sentinel Trust Co. LBA reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 345,441 shares of the company's stock after selling 6,600 shares during the quarter. Palantir Technologies comprises 3.4% of Sentinel Trust Co. LBA's portfolio, making the stock its 5th biggest holding. Sentinel Trust Co. LBA's holdings in Palantir Technologies were worth $29,155,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PLTR. Sovran Advisors LLC grew its holdings in Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after buying an additional 94 shares during the last quarter. Lodestone Wealth Management LLC boosted its position in shares of Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 97 shares during the period. Continuum Advisory LLC grew its stake in shares of Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after acquiring an additional 98 shares during the last quarter. Kathmere Capital Management LLC increased its position in Palantir Technologies by 0.5% during the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock worth $1,531,000 after acquiring an additional 99 shares during the period. Finally, Sierra Ocean LLC raised its stake in Palantir Technologies by 26.6% during the 1st quarter. Sierra Ocean LLC now owns 523 shares of the company's stock valued at $44,000 after purchasing an additional 110 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Down 0.3%

Shares of Palantir Technologies stock traded down $0.40 during mid-day trading on Friday, reaching $142.10. 52,005,962 shares of the stock were exchanged, compared to its average volume of 83,326,505. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22. The company has a market cap of $335.34 billion, a price-to-earnings ratio of 617.83, a price-to-earnings-growth ratio of 12.13 and a beta of 2.59. The firm has a 50-day simple moving average of $130.81 and a 200 day simple moving average of $103.81.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. 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%. The company's revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLTR shares. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. DA Davidson boosted their price target on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Wedbush reiterated an "outperform" rating on shares of Palantir Technologies in a research report on Thursday. Mizuho lifted their price objective on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday, June 11th. Finally, Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $89.32.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total value of $4,510,558.85. Following the transaction, the insider owned 363,755 shares of the company's stock, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the sale, the director owned 62,887 shares in the company, valued at $8,779,654.07. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,452,297 shares of company stock worth $186,222,373. 9.23% of the stock is currently owned by insiders.

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.