XML Financial LLC Has $420,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

XML Financial LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 29.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,975 shares of the company’s stock after selling 2,122 shares during the period. XML Financial LLC’s holdings in Palantir Technologies were worth $420,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after buying an additional 6,479 shares in the last quarter. Pitcairn Co. bought a new stake in Palantir Technologies in the fourth quarter valued at $281,000. Sagespring Wealth Partners LLC raised its stake in Palantir Technologies by 36.3% during the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company’s stock worth $2,030,000 after acquiring an additional 6,405 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Palantir Technologies during the fourth quarter valued at $52,033,000. Finally, CX Institutional acquired a new stake in shares of Palantir Technologies in the 1st quarter valued at $62,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Morgan Stanley boosted their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Cantor Fitzgerald lifted their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $89.32.

Insider Activity at Palantir Technologies

In related news, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the transaction, the director now owns 12,562 shares of the company’s stock, valued at $1,624,140.98. This trade represents a 57.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 405,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 702,786 shares of the company’s stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,506,925 shares of company stock worth $188,456,658. 12.93% of the stock is owned by insiders.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $139.92 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $144.86. The firm has a market capitalization of $330.20 billion, a P/E ratio of 608.35, a P/E/G ratio of 11.72 and a beta of 2.64. The company’s 50 day simple moving average is $121.59 and its 200 day simple moving average is $97.91.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.