Palantir Technologies Inc. $PLTR Stake Decreased by LaFleur & Godfrey LLC

LaFleur & Godfrey LLC trimmed its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 19.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,075 shares of the company’s stock after selling 30,186 shares during the quarter. Palantir Technologies comprises 2.9% of LaFleur & Godfrey LLC’s portfolio, making the stock its 9th largest position. LaFleur & Godfrey LLC’s holdings in Palantir Technologies were worth $23,546,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth $450,000. Bison Wealth LLC increased its stake in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased its stake in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after purchasing an additional 1,694 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 0.3%

Shares of PLTR stock opened at $135.24 on Monday. The firm has a fifty day simple moving average of $164.88 and a 200-day simple moving average of $171.52. The company has a market capitalization of $322.34 billion, a PE ratio of 214.67, a price-to-earnings-growth ratio of 2.60 and a beta of 1.64. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 400 shares of Palantir Technologies stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $151.14, for a total transaction of $60,456.00. Following the sale, the director directly owned 58,287 shares in the company, valued at $8,809,497.18. The trade was a 0.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the transaction, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,800 shares of company stock worth $4,526,436 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

Analysts Set New Price Targets

A number of analysts recently issued reports on PLTR shares. Truist Financial initiated coverage on shares of Palantir Technologies in a research report on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price for the company. Argus raised shares of Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Cantor Fitzgerald restated a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Citigroup upped their price target on shares of Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, UBS Group cut their price objective on Palantir Technologies from $205.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $191.05.

Get Our Latest Report on PLTR

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

See Also

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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