Relyea Zuckerberg Hanson LLC Sells 1,089 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Relyea Zuckerberg Hanson LLC lowered its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,863 shares of the company’s stock after selling 1,089 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Palantir Technologies were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Sage Advisors LLC bought a new position in Palantir Technologies in the 4th quarter worth about $369,000. Asset Planning Inc bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $101,000. WealthPlan Investment Management LLC boosted its position in shares of Palantir Technologies by 145.2% during the 4th quarter. WealthPlan Investment Management LLC now owns 35,805 shares of the company’s stock valued at $2,708,000 after acquiring an additional 21,204 shares during the last quarter. Pitcairn Co. bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $281,000. Finally, Kessler Investment Group LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $7,857,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $137.40 on Friday. The firm has a market cap of $324.25 billion, a P/E ratio of 723.20, a P/E/G ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $140.00. The business’s 50 day moving average price is $115.48 and its 200-day moving average price is $94.61.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The firm 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 6.85% and a net margin of 16.13%. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The stock was 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 in the company, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider now owns 702,786 shares in the company, valued at $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,816,925 shares of company stock worth $215,448,358. 9.23% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PLTR shares. Morgan Stanley lifted their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Citigroup lifted their price target on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, May 6th. Finally, Daiwa America raised Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $86.30.

Palantir Technologies 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.