Shay Capital LLC Sells 3,000 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Shay Capital LLC lessened its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company's stock after selling 3,000 shares during the quarter. Shay Capital LLC's holdings in Palantir Technologies were worth $529,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLTR. Assenagon Asset Management S.A. raised its holdings in Palantir Technologies by 16.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 43,172 shares of the company's stock valued at $3,265,000 after buying an additional 6,160 shares during the last quarter. Burney Co. increased its position in Palantir Technologies by 18.3% during the 4th quarter. Burney Co. now owns 11,885 shares of the company's stock valued at $899,000 after purchasing an additional 1,841 shares during the period. Redhawk Wealth Advisors Inc. acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $274,000. Outlook Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $238,000. Finally, Gateway Investment Advisers LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $1,402,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PLTR shares. Robert W. Baird increased their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Mizuho increased their target price on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Citigroup increased their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Bank of America increased their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Finally, 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 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $83.95.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This trade represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,964,290 shares of company stock worth $250,504,866. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Trading Down 2.5%

NASDAQ PLTR traded down $3.19 during mid-day trading on Monday, hitting $126.33. The company's stock had a trading volume of 72,243,140 shares, compared to its average volume of 77,016,871. The company's 50 day simple moving average is $98.72 and its 200 day simple moving average is $85.43. Palantir Technologies Inc. has a twelve month low of $20.63 and a twelve month high of $133.49. The firm has a market capitalization of $296.29 billion, a price-to-earnings ratio of 664.93, a PEG ratio of 10.84 and a beta of 2.68.

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

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.