Sentry Investment Management LLC Sells 4,069 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Sentry Investment Management LLC lowered its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,868 shares of the company’s stock after selling 4,069 shares during the period. Sentry Investment Management LLC’s holdings in Palantir Technologies were worth $503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of PLTR. Summit Securities Group LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at $25,000. Farmers & Merchants Investments Inc. purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $25,000. First United Bank & Trust bought a new stake in Palantir Technologies during the 4th quarter valued at $26,000. West Paces Advisors Inc. raised its holdings in shares of Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 620 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings 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 acquiring an additional 691 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PLTR shares. Wedbush restated an “outperform” rating and set a $38.00 target price on shares of Palantir Technologies in a research note on Monday. Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Monness Crespi & Hardt reduced their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. Finally, Raymond James upped their price objective on shares of Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.79.

Palantir Technologies Stock Up 0.4 %

Shares of Palantir Technologies stock opened at $34.75 on Wednesday. The business has a fifty day simple moving average of $29.16 and a 200-day simple moving average of $25.27. Palantir Technologies Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $35.20. The firm has a market cap of $77.38 billion, a price-to-earnings ratio of 289.58, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share. Analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the transaction, the director now owns 32,843 shares of the company’s stock, valued at approximately $853,918. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the transaction, the director now directly owns 32,843 shares in the company, valued at $853,918. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric H. Woersching sold 3,026 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total value of $84,728.00. Following the transaction, the director now directly owns 29,817 shares of the company’s stock, valued at $834,876. The disclosure for this sale can be found here. In the last quarter, insiders have sold 698,649 shares of company stock worth $21,453,996. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Profile

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.