Dale Q Rice Investment Management Ltd Has $234,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Dale Q Rice Investment Management Ltd lowered its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 50.0% in the first quarter, HoldingsChannel reports. The fund owned 2,776 shares of the company’s stock after selling 2,776 shares during the period. Dale Q Rice Investment Management Ltd’s holdings in Palantir Technologies were worth $234,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jamison Private Wealth Management Inc. lifted its holdings in Palantir Technologies by 11.9% in the first quarter. Jamison Private Wealth Management Inc. now owns 10,072 shares of the company’s stock valued at $850,000 after buying an additional 1,075 shares during the period. Rockline Wealth Management LLC lifted its stake in shares of Palantir Technologies by 26.4% in the 1st quarter. Rockline Wealth Management LLC now owns 111,233 shares of the company’s stock valued at $9,388,000 after purchasing an additional 23,204 shares during the period. Advisor Resource Council acquired a new position in shares of Palantir Technologies in the 1st quarter valued at $3,314,000. Spirit of America Management Corp NY bought a new position in shares of Palantir Technologies in the 1st quarter worth $295,000. Finally, Avior Wealth Management LLC grew its stake in shares of Palantir Technologies by 63.7% during the first quarter. Avior Wealth Management LLC now owns 12,581 shares of the company’s stock worth $1,062,000 after purchasing an additional 4,897 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company’s stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares of the company’s stock, valued at $33,382,558.80. The trade was a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock valued at $188,456,658 in the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

PLTR opened at $137.30 on Friday. The company has a market capitalization of $324.02 billion, a price-to-earnings ratio of 596.96, a P/E/G ratio of 11.95 and a beta of 2.64. The business’s 50-day moving average price is $120.65 and its two-hundred day moving average price is $97.09. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $144.86.

Palantir Technologies (NASDAQ:PLTR) last announced 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. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wedbush set a $140.00 target price on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Royal Bank Of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the stock a “buy” rating in a research report on Thursday, June 12th. Five equities research 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 MarketBeat, the company has an average rating of “Hold” and an average target price of $89.32.

Palantir Technologies Company 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.