Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Trimmed by North Star Investment Management Corp.

North Star Investment Management Corp. trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 8.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,885 shares of the company’s stock after selling 545 shares during the period. North Star Investment Management Corp.’s holdings in Palantir Technologies were worth $497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in Palantir Technologies during the 4th quarter worth $27,000. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the period. Sierra Ocean LLC bought a new position in Palantir Technologies in the 4th quarter valued at about $31,000. First Command Advisory Services Inc. acquired a new position in Palantir Technologies during the 4th quarter valued at about $34,000. Finally, Summit Securities Group LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth about $34,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.6%

PLTR opened at $137.40 on Monday. The firm has a market capitalization of $324.25 billion, a P/E ratio of 723.20, a PEG ratio of 10.84 and a beta of 2.64. The stock has a fifty day moving average of $115.48 and a 200-day moving average of $95.01. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $140.08.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Citigroup boosted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Mizuho boosted their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 11th. Finally, William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $86.30.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 150,814 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $19,061,381.46. Following the transaction, the insider now owns 702,786 shares in the company, valued at $88,825,122.54. This represents a 17.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 309,696 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the transaction, the insider now owns 592 shares in the company, valued at $74,822.88. This represents a 99.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock valued at $188,456,658 over the last three months. 9.23% of the stock is owned by corporate insiders.

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.