Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by True Vision MN LLC

True Vision MN LLC reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,981 shares of the company’s stock after selling 169 shares during the quarter. True Vision MN LLC’s holdings in Palantir Technologies were worth $589,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PLTR. Richardson Capital Management LLC acquired a new position in Palantir Technologies in the first quarter valued at $33,000. Cornerstone Planning Group LLC grew its position in Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock valued at $33,000 after acquiring an additional 185 shares during the period. Summit Securities Group LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $34,000. Atlantic Edge Private Wealth Management LLC grew its position in Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company’s stock valued at $34,000 after acquiring an additional 125 shares during the period. Finally, Godsey & Gibb Inc. increased its position in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock valued at $35,000 after acquiring an additional 370 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 30,812 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the transaction, the insider owned 495,497 shares in the company, valued at $62,625,865.83. The trade was a 5.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,451,497 shares of company stock valued at $186,110,685 over the last ninety days. 9.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on PLTR. Citigroup increased their price target on Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. UBS Group reiterated a “positive” rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Finally, DA Davidson raised their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.32.

Palantir Technologies Stock Up 2.4%

Shares of NASDAQ:PLTR opened at $143.13 on Thursday. The firm’s 50 day moving average price is $129.92 and its 200 day moving average price is $102.83. The stock has a market cap of $337.77 billion, a price-to-earnings ratio of 622.30, a price-to-earnings-growth ratio of 11.93 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. On average, equities analysts anticipate 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.