Yarbrough Capital LLC Sells 49,843 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Yarbrough Capital LLC cut its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 46.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,562 shares of the company’s stock after selling 49,843 shares during the period. Yarbrough Capital LLC’s holdings in Palantir Technologies were worth $4,943,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its position in Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares in the last quarter. Sage Advisors LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $369,000. MGB Wealth Management LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $278,000. Asset Planning Inc acquired a new position in Palantir Technologies in the fourth quarter valued at about $101,000. Finally, WealthPlan Investment Management LLC boosted its position in Palantir Technologies by 145.2% in the fourth quarter. WealthPlan Investment Management LLC now owns 35,805 shares of the company’s stock valued at $2,708,000 after buying an additional 21,204 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Mizuho boosted their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an “underperform” rating in a research report on Tuesday, May 6th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Finally, DA Davidson boosted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Five 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, the stock has an average rating of “Hold” and an average target price of $83.95.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $48,988. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,894,925 shares of company stock valued at $369,820,528. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $127.72 on Friday. The company has a market cap of $301.41 billion, a price-to-earnings ratio of 672.25, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. The firm has a 50 day simple moving average of $110.01 and a 200 day simple moving average of $92.37. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $135.28.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period in the previous year, the firm posted $0.08 earnings per share. Palantir Technologies’s revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current 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.