Palantir Technologies Inc. (NYSE:PLTR) Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lowered its position in Palantir Technologies Inc. (NYSE:PLTR) by 96.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,121 shares of the company’s stock after selling 32,550 shares during the period. Toth Financial Advisory Corp’s holdings in Palantir Technologies were worth $26,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. West Paces Advisors Inc. raised its position in shares of Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after acquiring an additional 620 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Palantir Technologies by 105.3% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after purchasing an additional 691 shares during the last quarter. Halpern Financial Inc. raised its position in shares of Palantir Technologies by 44.0% during the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after purchasing an additional 440 shares during the last quarter. Pacifica Partners Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $27,000. Finally, First United Bank & Trust acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $26,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.4 %

Shares of Palantir Technologies stock traded up $0.11 during mid-day trading on Friday, hitting $25.33. The stock had a trading volume of 38,886,441 shares, compared to its average volume of 39,227,472. The firm has a 50-day moving average of $22.63 and a two-hundred day moving average of $21.48. Palantir Technologies Inc. has a 12-month low of $13.68 and a 12-month high of $27.50. The firm has a market cap of $56.41 billion, a P/E ratio of 211.10, a price-to-earnings-growth ratio of 5.82 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million during the quarter, compared to analysts’ expectations of $614.88 million. Sell-side analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, Director Peter Thiel sold 6,285,833 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares of the company’s stock, valued at $1,376,224,376.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Palantir Technologies news, Director Peter Thiel sold 6,285,833 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the sale, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 2,398 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total transaction of $51,077.40. Following the completion of the transaction, the insider now directly owns 639,696 shares of the company’s stock, valued at approximately $13,625,524.80. The disclosure for this sale can be found here. Insiders sold a total of 11,377,153 shares of company stock valued at $240,054,945 in the last 90 days. Company insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Monness Crespi & Hardt downgraded shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a research report on Friday, June 21st. DA Davidson upped their price target on shares of Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, May 7th. Bank of America upped their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada upped their price objective on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, May 7th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $21.25.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.