Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC cut its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 36.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 13,059 shares of the company’s stock after selling 7,354 shares during the period. DGS Capital Management LLC’s holdings in Palantir Technologies were worth $988,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PLTR. First PREMIER Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the period. Financial Management Professionals Inc. boosted its holdings in Palantir Technologies by 171.5% in the fourth quarter. Financial Management Professionals Inc. now owns 543 shares of the company’s stock valued at $41,000 after acquiring an additional 343 shares during the last quarter. Trivant Custom Portfolio Group LLC increased its stake in Palantir Technologies by 313.3% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock worth $47,000 after acquiring an additional 470 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Palantir Technologies in the 3rd quarter worth about $25,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Wedbush increased their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. The Goldman Sachs Group increased their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Cantor Fitzgerald initiated coverage on Palantir Technologies in a research note on Friday, January 17th. They set a “neutral” rating and a $72.00 price objective on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.61.

Insider Activity

In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,518,855 shares of company stock worth $1,438,682,423. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $78.98 on Friday. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80. The company has a 50-day simple moving average of $71.96 and a 200-day simple moving average of $48.89. The firm has a market capitalization of $179.92 billion, a P/E ratio of 394.92, a P/E/G ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Palantir Technologies Company 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.