United Advisor Group LLC Cuts Position in Palantir Technologies Inc. (NASDAQ:PLTR)

United Advisor Group LLC reduced its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,025 shares of the company's stock after selling 3,183 shares during the quarter. Palantir Technologies comprises about 1.5% of United Advisor Group LLC's portfolio, making the stock its 12th biggest position. United Advisor Group LLC's holdings in Palantir Technologies were worth $7,414,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $27,000. HighMark Wealth Management LLC boosted its position in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares in the last quarter. Sierra Ocean LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $31,000. R Squared Ltd bought a new stake in Palantir Technologies during the 4th quarter valued at $33,000. Finally, First Command Advisory Services Inc. bought a new stake in Palantir Technologies during the 4th quarter valued at $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

PLTR stock traded down $0.09 during midday trading on Thursday, reaching $123.67. The stock had a trading volume of 43,082,320 shares, compared to its average volume of 77,926,372. The stock has a market cap of $290.04 billion, a PE ratio of 651.00, a P/E/G ratio of 10.84 and a beta of 2.68. The firm has a fifty day simple moving average of $104.78 and a two-hundred day simple moving average of $88.97. Palantir Technologies Inc. has a 52-week low of $20.64 and a 52-week high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its 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 company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the business posted $0.08 EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider now owns 6,432,258 shares in the company, valued at $812,973,088.62. The trade was a 5.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This represents a 99.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,901,701 shares of company stock worth $370,407,533. Insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PLTR shares. Cantor Fitzgerald increased their target price on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. The Goldman Sachs Group increased their target price on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, DA Davidson raised their price objective on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $83.95.

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.