Palantir Technologies Inc. (NASDAQ:PLTR) Holdings Decreased by Catalina Capital Group LLC

Catalina Capital Group LLC decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 51.8% during the first quarter, according to its most recent Form 13F 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $31,000. Godsey & Gibb Inc. grew its stake in Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock valued at $35,000 after purchasing an additional 370 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in Palantir Technologies in the fourth quarter valued at about $34,000. Summit Securities Group LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $34,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Palantir Technologies in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 309,696 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $39,142,477.44. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares of the company’s stock, valued at $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,925 shares of company stock worth $188,456,658 in the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 1.3%

Shares of PLTR stock opened at $139.96 on Thursday. The firm’s fifty day moving average price is $118.64 and its two-hundred day moving average price is $96.13. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $144.86. The firm 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 released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business 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 earnings per share. Palantir Technologies’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price target for the company. Citigroup boosted 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. Loop Capital set a $155.00 price target on Palantir Technologies and gave the stock a “buy” rating in a research report on Thursday, June 12th. Finally, DA Davidson boosted their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $89.32.

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.