Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Morgens Waterfall Vintiadis & Co. Inc.

Morgens Waterfall Vintiadis & Co. Inc. decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 80,000 shares of the company's stock after selling 10,000 shares during the period. Palantir Technologies makes up about 4.6% of Morgens Waterfall Vintiadis & Co. Inc.'s portfolio, making the stock its 9th biggest position. Morgens Waterfall Vintiadis & Co. Inc.'s holdings in Palantir Technologies were worth $6,050,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Pathstone Holdings LLC boosted its position in Palantir Technologies by 7.5% in the fourth quarter. Pathstone Holdings LLC now owns 116,853 shares of the company's stock valued at $8,838,000 after buying an additional 8,146 shares in the last quarter. Mufg Securities Americas Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $2,288,000. Nissay Asset Management Corp Japan ADV grew its position in Palantir Technologies by 90.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 470,929 shares of the company's stock worth $37,241,000 after acquiring an additional 224,200 shares during the last quarter. Nearwater Capital Markets Ltd acquired a new position in Palantir Technologies in the 4th quarter worth about $28,760,000. Finally, NorthRock Partners LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter valued at about $2,035,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PLTR shares. Citigroup raised their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Robert W. Baird raised their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Morgan Stanley boosted their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Northland Securities upped their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five research 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $83.95.

Palantir Technologies Trading Up 1.1%

Palantir Technologies stock traded up $1.40 during midday trading on Friday, reaching $129.52. The stock had a trading volume of 55,517,922 shares, compared to its average volume of 76,846,988. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.49. The company has a market capitalization of $303.77 billion, a P/E ratio of 681.72, a PEG ratio of 10.84 and a beta of 2.68. The company has a fifty day moving average price of $97.69 and a two-hundred day moving average price of $84.26.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the company posted $0.08 EPS. The firm's revenue was up 39.4% compared to the same quarter last year. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 18,537 shares of Palantir Technologies stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the transaction, the insider now owns 493,469 shares in the company, valued at approximately $50,491,748.08. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $92.43, for a total value of $2,772,900.00. Following the transaction, the insider now owns 702,786 shares of the company's stock, valued at $64,958,509.98. This trade represents a 4.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,964,290 shares of company stock valued at $250,504,866 in the last three months. Corporate insiders own 12.93% of the company's stock.

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.