Palantir Technologies Inc. $PLTR Shares Sold by Triglav Investments D.O.O.

Triglav Investments D.O.O. lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 65.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,900 shares of the company’s stock after selling 23,016 shares during the quarter. Triglav Investments D.O.O.’s holdings in Palantir Technologies were worth $1,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC grew its position in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. grew its position in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP bought a new position in shares of Palantir Technologies in the second quarter valued at $315,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $126.79 on Monday. Palantir Technologies Inc. has a 1 year low of $106.37 and a 1 year high of $207.52. The company has a market cap of $303.96 billion, a P/E ratio of 142.46, a P/E/G ratio of 2.03 and a beta of 1.56. The stock has a 50-day moving average price of $132.58 and a 200 day moving average price of $146.06.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s revenue for the quarter was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. On average, equities analysts forecast that Palantir Technologies Inc. will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 319,934 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total transaction of $43,523,821.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $80,535.68. The trade was a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeffrey Buckley sold 1,481 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $128.80, for a total transaction of $190,752.80. Following the completion of the transaction, the insider owned 60,226 shares in the company, valued at approximately $7,757,108.80. This represents a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,112,270 shares of company stock valued at $150,247,785 in the last 90 days. Corporate insiders own 9.53% of the company’s stock.

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $205.00 to $151.00 in a research report on Friday, May 1st. Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Oppenheimer assumed coverage on Palantir Technologies in a report on Thursday, April 30th. They set an “outperform” rating and a $200.00 target price for the company. DZ Bank assumed coverage on Palantir Technologies in a research report on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price target for the company. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a $90.00 price target on shares of Palantir Technologies in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.85.

View Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

Further Reading

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.