Sharpepoint LLC Has $766,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Sharpepoint LLC decreased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 81.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,079 shares of the company’s stock after selling 40,014 shares during the quarter. Sharpepoint LLC’s holdings in Palantir Technologies were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at $450,000. Assetmark Inc. grew its position in Palantir Technologies by 46.3% in the 4th quarter. Assetmark Inc. now owns 1,191 shares of the company’s stock valued at $90,000 after purchasing an additional 377 shares during the period. Proficio Capital Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at $522,000. NBT Bank N A NY purchased a new position in Palantir Technologies during the 4th quarter worth $53,000. Finally, Independent Advisor Alliance boosted its holdings in Palantir Technologies by 90.7% during the 4th quarter. Independent Advisor Alliance now owns 56,530 shares of the company’s stock worth $4,275,000 after acquiring an additional 26,888 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 358,982 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the sale, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,451,497 shares of company stock valued at $186,110,685. 9.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on PLTR. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective on the stock. UBS Group reissued a “positive” rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Royal Bank Of Canada reissued an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Citigroup boosted their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $89.32.

Palantir Technologies Trading Up 2.4%

PLTR stock opened at $143.13 on Thursday. The company’s 50 day moving average is $129.92 and its 200 day moving average 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 1-year low of $21.23 and a 1-year high of $148.22.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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 net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. During the same period last year, the business earned $0.08 earnings per share. The business’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Palantir Technologies 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.