Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 26.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,446 shares of the company's stock after selling 7,528 shares during the period. Palantir Technologies accounts for 0.8% of Sivia Capital Partners LLC's holdings, making the stock its 21st biggest position. Sivia Capital Partners LLC's holdings in Palantir Technologies were worth $1,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC boosted its stake in Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after buying an additional 98 shares in the last quarter. Heritage Wealth Management Inc. CA raised its position in shares of Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after acquiring an additional 111 shares during the last quarter. True Wealth Design LLC increased its holdings in Palantir Technologies by 29.3% in the fourth quarter. True Wealth Design LLC now owns 503 shares of the company's stock worth $38,000 after purchasing an additional 114 shares in the last quarter. Gemmer Asset Management LLC boosted its stake in Palantir Technologies by 1.6% during the first quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company's stock worth $639,000 after acquiring an additional 119 shares in the last quarter. Finally, Westover Capital Advisors LLC increased its holdings in shares of Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after acquiring an additional 130 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Mizuho increased their price objective on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a report on Tuesday, May 6th. 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 Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective on the stock. Finally, DA Davidson lifted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Stock Up 0.6%

NASDAQ PLTR traded up $0.75 during trading hours on Tuesday, hitting $132.81. 69,112,277 shares of the company were exchanged, compared to its average volume of 80,191,692. The company has a 50 day moving average of $111.88 and a two-hundred day moving average of $93.33. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $135.28. The firm has a market cap of $313.42 billion, a price-to-earnings ratio of 699.04, a PEG ratio of 10.84 and a beta of 2.64.

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 for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the business earned $0.08 EPS. Palantir Technologies's revenue was up 39.4% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $45,371,734.98. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company's stock, valued at $812,973,088.62. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $50,497.60. The trade was a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,911,925 shares of company stock valued at $372,018,458. 9.23% of the stock is currently owned by corporate insiders.

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.