Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Catalina Capital Group LLC

Catalina Capital Group LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 51.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,494 shares of the company’s stock after selling 3,760 shares during the quarter. Catalina Capital Group LLC’s holdings in Palantir Technologies were worth $295,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Duncan Williams Asset Management LLC grew its position in shares of Palantir Technologies by 10.0% in the 1st quarter. Duncan Williams Asset Management LLC now owns 2,985 shares of the company’s stock worth $252,000 after acquiring an additional 271 shares in the last quarter. Premier Path Wealth Partners LLC grew its position in shares of Palantir Technologies by 4.3% in the 1st quarter. Premier Path Wealth Partners LLC now owns 17,803 shares of the company’s stock worth $1,503,000 after acquiring an additional 735 shares in the last quarter. Harrell Investment Partners LLC grew its position in shares of Palantir Technologies by 59.3% in the 1st quarter. Harrell Investment Partners LLC now owns 4,383 shares of the company’s stock worth $370,000 after acquiring an additional 1,632 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Palantir Technologies by 33.4% in the 1st quarter. Johnson Investment Counsel Inc. now owns 8,950 shares of the company’s stock worth $755,000 after acquiring an additional 2,242 shares in the last quarter. Finally, Beacon Capital Management LLC grew its position in shares of Palantir Technologies by 21.2% in the 1st quarter. Beacon Capital Management LLC now owns 1,842 shares of the company’s stock worth $155,000 after acquiring an additional 322 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $139.96 on Thursday. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $144.86. The business’s fifty day moving average price is $118.64 and its two-hundred day moving average price is $96.13. The company has a market capitalization of $330.29 billion, a P/E ratio of 608.52, a PEG ratio of 11.66 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. 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 previous year, the business earned $0.08 EPS. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group lifted their target price on Palantir Technologies from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $89.32.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider now directly owns 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction on Monday, June 9th. The stock was sold at an average price of $129.29, for a total value of $2,197,930.00. Following the completion of the transaction, the director now owns 12,562 shares in the company, valued at $1,624,140.98. The trade was a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,506,925 shares of company stock valued at $188,456,658. Corporate insiders own 9.23% 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.